LONDON—Britain’s economy slowed much more sharply than expected in the first three months of 2018, with heavy snow only partly to blame, raising major questions over whether the Bank of England will raise rates next month.
Britain’s economy grew at its weakest pace since the fourth quarter of 2012, expanding by just 0.1 percent in Q1 2018, at the bottom end of economists’ forecasts in a Reuters poll and well below the BoE’s prediction of a drop to 0.3 percent.
