UK economy sees worst growth since 2012
Annual growth of 0.6% weakest for more than seven years
UK economy grew at its slowest rate since 2012 in November, meaning an interest rate cut could be on the cards
UK GDP grew at 0.6% in the 12 months to November, the Office for National Statistics said yesterday (13 January), down from 1% in October, representing the slowest annual growth rate for more than seven years. The figures come after Monetary Policy Committee member Gertjan Vlieghe told the Financial Times he would "need to see an imminent and significant improvement in the UK data to justify waiting a little longer" to cut rates. Sterling continued its decline on the news, with a 0.6% decline...
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