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Evening Standard

World

Jonathan Prynn and Rachael Burford

UK economy stuck in first gear as GDP plunges in March

Economy Office for National Statistics GDP Bank of England

The UK economy inched forward by just 0.1 per cent in the first quarter of the year as growth remained firmly stuck in the slow lane, new official figures revealed on Friday.

Latest data from the Office for National Statistics showed GDP fell by 0.3 per cent in March following 0.5 per cent growth in January and no growth in February.

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