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Stuttering quarter for economy
The UK economy grew by a measly 0.1 per cent in the three months to June, according to an initial estimate by an economic think tank. One off events in April are partly to blame, yet underlying growth is “still likely to be weak”, the National Institute of Economic and Social Research said. Labour pounced on the figures, with shadow Treasury minister Angela Eagle saying: “It’s time this Conservative-led government realised that without strong growth it will be much harder to get the deficit down.”