Live coverage and rolling reaction to the latest UK economic growth report, due at 9.30am BST
- Introduction: How did Britain’s economy fare in Q3 2017?
- Economists predict growth of just 0.3% again
- Analyst: Economic fundamentals are deteriorating
Yet the gross national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials.
It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country, it measures everything in short, except that which makes life worthwhile.
Britain’s economy outperformed the eurozone for several years, during the euro debt crisis.
But as this chart show, the eurozone’s growth rate caught up in 2016, and outpaced the UK so far this year. That has probably helped Britain avoid a sharper downturn this year.