UK economy slows

Britain’s economy slowed between April and June after new figures today showed the UK grew by 0.2% in the quarter.

The figure is lower than the 0.5% seen in the first quarter, but the Office for National Statistics (ONS) said the figures this time were heavily influenced by one-off factors such as the royal wedding, Olympic ticket sales, record warm weather in April and the Japanese tsunami.

The ONS estimated the impact of these effects knocked as much as 0.5% off the GDP figure, which otherwise may have shown growth of 0.7%.

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