Tories on defensive as economy slumps more than expected

GDP at 0.3% for Q1 2017

Tom Ellis
clock • 2 min read

Chancellor Philip Hammond has been forced onto the defensive on Friday, as quarterly GDP growth slowed to 0.3% in the first few months of 2017.

The official figure represents the slowest growth rate since the first quarter of 2016, according to the Office of National Statistics (ONS). The ONS originally forecasted the economy to slow down to a lesser extent, to 0.4% rather than the 0.3% figure it published on Friday. In defence, Hammond (pictured) argued employment was at "its highest ever rate" and was set to keep climbing.  Ahead of the General Election on 8 June, he told Sky News: "The British economy is resilient and the choice facing the British people on June 8th is between five more years of strong, stable government u...

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