DCSIMG

Economy

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Comment: Should we worry over UK growth slowdown?
AGAINST widespread signs that the UK’s economic growth momentum is slowing, how encouraging to be sent a demand for an extra £1.7 billion contribution to the EU because of our outperformance. This back-dated demand – by far the largest for any EU country – is due to the recalculation of GDP numbers this summer that included “informal economy” estimates including earnings from drug trafficking and prostitution. The new payments would add about a fifth to the UK’s annual net contribution of £8.6bn.
 
 

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