Economic growth of 0.5% occurred in Q3 according to the Office of National Statistics

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According to the office of national statistics, the UK’s service sector helped the economy to grow faster than expected in the three months after the Brexit vote.


The economy expanded by 0.5% in the July-to-September period, according to the Office for National Statistics. This was slower than the 0.7% rate in the previous quarter, but stronger than analysts’ estimates of about 0.3%.

A particularly strong performance from the services sector, which grew by 0.8% in the quarter.

Brexit supporters may take these figures as a sign that warnings about the economic costs of voting to leave the EU were nothing more than scaremongering whilst Remain supporters will argue that they were warning about potential damage over a period of several years.”

For further information, see the BBC website

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