The UK has fallen to the bottom of the G7 growth league table after Brexit uncertainty held the economy back in the spring. Every other advanced economy performed better than Britain in the second quarter of 2019, a ranking confirmed on Friday when Canada was the last of the seven to report GDP figures for the period between April and June. This dragged economic activity forward into the first quarter, meaning GDP rose by 0.5% in the three months between January and March. Ruth Gregory, senior UK economist at Capital Economics, said these erratic factors had dragged GDP down in the second quarter. Global growth appears to have weakened in recent months as the ongoing US-China trade war hits demand. Surveys released this week showed that UK consumer confidence has hit a six-year low, with people becoming more worried about the state of the economy and their own financial wellbeing.
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