UK GDP growth rose by just 0.4% in the fourth quarter of 2017, 0.1 percentage points down from its first estimate, according to the Office for National Statistics.
The growth downgrade means the economy grew by only 1.7% in 2017, lower than thought at first with a slower first quarter than earlier estimates.
This is a bigger slowdown from the 1.9 per cent expansion seen in 2016, and the slowest expansion since 2012.
Business investment growth was flat in the fourth quarter, although it rose by 2.1 per cent over the year.
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The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage
Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.
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