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UK lags behind EU economic growth in Q3

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EU economic growth was estimated to have increased by 0.6% in the third quarter as opposed to the UK’s 0.4%.

The Eurostat figures show the differences in fortunes between Britain and the single currency area during Brexit talks. The 19 members grew 0.2% faster in the three months to September this year.

Eurozone GDP growth of 0.7% in the second quarter of 2017 was ahead of the UK’s 0.3% growth, the weakest rate in the G7.

This has been attributed to factors such as weak investment and potential opportunities across the continent post-Brexit.

Inflation in the UK also grew to 3% last month, the highest since 2012.

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