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'Little evidence' of 'pronounced impact' from Brexit vote

The UK economy grew by 0.5% from July to September. Credit: PA

There is "little evidence" that Britain's vote to leave the EU had a "pronounced impact" on the UK economy, according to the Office for National Statistics' chief economist.

Commenting on the latest figures, which show the economy grew by 0.5% in the three months after the Brexit vote, Joe Grice said: "Today's data provide the most comprehensive picture so far of the post-referendum UK economy.

"While quarterly growth has fallen slightly, the economy has continued to expand at a rate broadly similar to that seen since 2015 and there is little evidence of a pronounced effect in the immediate aftermath of the vote.

"A strong performance in the dominant services industries continued to offset further falls in construction, while manufacturing continued to be broadly flat.

“It is important to remember this is the first estimate, though it does reflect information already gathered from more than 37,000 UK firms.”

GDP figures show public 'keeping calm' after Brexit vote

The UK economy grew by 0.5% in the three months since June's EU referendum, showing the public is so far "keeping calm and carrying on shopping", ITV News Economics Editor Noreena Hertz said.

However she added that it would be a different story when inflation hits next year.

The pound has dropped more than 20% in value against the US dollar since the Brexit vote, making Britain's products cheaper abroad.

But the fall in the pound's value is having an adverse effect on the price of imported food, goods and materials used by manufacturers.


Quarterly GDP figures 'better than anticipated'

The UK economy grew by 0.5% in Q3 Credit: PA Photos

Today's GDP figures for the last quarter were "better than anticipated" said ITV News Business Producer, Joanna Partridge.

The 0.5% growth in Q3 slowed from the previous quarter which recorded a 0.7% growth, but the post-EU referendum slowdown wasn't as bad as some experts had predicted.

How each sector of economy performed since Brexit vote

Construction fell by 1.4% in the third quarter, official figures show. Credit: PA

The UK economy has bucked expectations of a substantial slowdown in the three months after the EU referendum thanks to a "strong performance" from the services sector.

The economy grew by 0.5% in the third quarter, compared a 0.7% expansion in the three months to June, official figures show.

The services industries increased by 0.8%, with the main boost coming from transport, storage and communication, which grew at its fastest pace since the fourth quarter of 2009, rising 2.2% over the period in contrast to 0.6% in the second quarter.

There was also a boost from film and TV production, while the release of Ghostbusters, Jason Bourne, The BFG and Star Trek Beyond helped bolster box-office receipts in July.

In contrast to the service sector, construction fell by 1.4%, manufacturing decreased by 1.0%, agriculture dropped by 0.7% and production contracted by 0.4%.

Crime reporter Anthony France wins conviction appeal

Credit: Reuters

Crime reporter Anthony France has won a challenge against his conviction at the Court of Appeal in London.

France, 42, is the only journalist to be successfully tried following a police investigation into payments to public officials.

During his trial at the Old Bailey, the Sun reporter was accused of cultivating a "corrupt relationship" with Pc Timothy Edwards over four years, and sentenced to 18 years in prison last May, which was suspended for two years.

The sentencing judge at the Old Bailey described France as a journalist of "hitherto unblemished character" who was "essentially a decent man of solid integrity".

After his successful appeal was announced, France said: "I am delighted that this serious miscarriage of justice has ended today, allowing me to rebuild my life after 1,379 days of sheer hell."

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