GDP slows to 0.3% in three months to April, says NIESR

UK economic growth slowed in the last three months as the effect of uncertainty over the EU referendum spread its tentacles ever wider, according to estimates from the National Institute of Economic and Social Research.

Gross domestic product growth slowed to 0.3% in the three months ending in April from growth of 0.4% in the three months ending in March.

“UK economic growth continues to be subdued compared with the rates we saw at the end of last year," said NIESR research fellow Jack Meaning.

"Some of this slowdown is undoubtedly a result of heightened uncertainty around the impending EU referendum, and so is likely to be temporary should the UK decide to remain in the EU after June 23rd.”