London - The UK economy grew more than previously estimated in the final three months of 2016 but it may be the last hurrah.
Gross domestic product (GDP) rose 0.7% from the third quarter instead of 0.6%, the Office for National Statistics said on Wednesday. Trade and consumer spending provided the biggest contributions as business investment fell.
The willingness of consumers to spend has kept the economy going since the Brexit vote but signs of strain are now appearing as accelerating inflation squeezes household incomes. Credit growth slowed sharply in December and retail sales grew at their slowest annual pace in more than three years in January, recent figures showed.