UK GDP grows by 0.5% in first quarter

UK GDP grows by 0.5% in first quarter The UK economy grew by 0.5 per cent in the first quarter as it rebounded from a contraction of 0.5 per cent in the fourth quarter of last year that had been largely caused by heavy snow.

The figures from the Office of National Statistics suggest the economy was at best stagnant over the last six months, with the level of gross domestic product the same in the first quarter as it was in the third quarter of 2010.
http://link.ft.com/r/6NPSBB/ZB189R/V1UB9K/NSKL2H/NSK4WG/UP/h?a1=2011&a2=4&a3=27