UK household spending edged up by 0.2% in the final quarter of 2012, as overall economic output dropped by 0.3%, official figures have revealed.
UK household spending edged up by 0.2% in the final quarter of 2012, as overall economic output dropped by 0.3%, official figures have revealed.
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ian mcconnell business editor
The 0.3% drop in gross domestic product was un-revised yesterday when the ONS published its second estimate of GDP. This means that, if output were to fall again in the current quarter, the UK would record its third recession since 2008.
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