UK economy lags behind G7 after 2017 growth rate cut

UK economy: Sterling was little changed after yesterday

LONDON: Britain’s economy was weaker than previously thought in 2017, official data showed, leaving the country lagging further behind the global recovery as it prepares to leave the European Union (EU).

The downgrade of the full-year and fourth-quarter growth rates also raised questions about the strength of the economy as the Bank of England (BoE) prepares to raise interest rates.