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UK economic growth slowest since 2012

UK economic growth slowest since 2012
Business
It follows forecasts of slower growth in 2019 due to Brexit uncertainty and a weaker global economy.

According to the ONS, quarterly growth also slowed, falling to 0.2% in the three months to December - down from 0.6% in the three months to September.

However, Chancellor Philip Hammond said the data showed the economy remained "fundamentally strong" and that he did not foresee a recession.

The pound fell by a third of a cent to below $1.29 following the news.

Head of GDP at the ONS Rob Kent-Smith said: "GDP slowed in the last three months of the year with the manufacturing of cars and steel products seeing steep falls and construction also declining.
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