UK Firms Show No Brexit Hit in Third Quarter as Investment Grows

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(Reuters) – British companies brushed off the uncertainty over Brexit in the three months after June’s referendum and increased their investment, helping to drive solid growth in the economy, official data showed on Friday.

Business investment expanded at a quarterly rate of 0.9 percent in the three months to September, the Office for National Statistics said, beating expectations for a 0.6 percent rise in a Reuters poll of economists.

Britain’s economy overall grew by 0.5 percent in the third quarter, the ONS said, helped by a rebound in exports and robust household spending, the ONS said.

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