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British economy grows as consumers splash the cash


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British economy grows as consumers splash the cash

The UK economy grew 1.8 percent in the fourth quarter according to the Office for National Statistics.

The main driver was consumer spending, but there are signs of Article 50 jitters.

Business investment declined.

Economists believe that the UK is in for a period of growth.

The British economy has defied forecasts that it would slow post-Brexit vote.

However, rising inflation is piling the pressure on wages and spendability.

The fall in sterling since the vote is driving the inflation.

British house prices fell in March for the first time since mid-2015, according to the Nationwide lender.