UK economy grows 0.5% in three months after Brexit vote

The UK economy grew faster than expected in the three months after the Brexit vote, official figures have indicated.

The economy expanded by 0.5% in the July-to-September period, according to the Office for National Statistics.

That was slower than the 0.7% rate in the previous quarter, but stronger than analysts’ estimates of 0.3%.

“There is little evidence of a pronounced effect in the immediate aftermath of the vote,” the ONS said.

The economy was boosted by a strong performance from the services sector.

This is the first estimate of economic growth for the period, using less than half the data that will be used for the final estimate.

-BBC