British economy grows 0.5pc in third quarter

Britain's economy grew by 0.5 percent in the third quarter, unrevised official data showed on Friday.

Gross domestic product expanded in the three months to the end of September but at a slower pace compared with growth of 0.7 percent in the second quarter, the Office for National Statistics said in a second estimate.

The data comes two days after the UK government said Britain's economy would grow far slower than expected next year as state borrowing jumps mainly as a result of a projected financial fallout from Brexit.

Analysts pointed to an economy intact since the June 23 referendum in favour of Britain exiting the European Union but warned of troubles ahead.