Economic Growth Slower Than Expected; STATISTICS
BRITAIN'S economy grew last year at a weaker rate than expected, official figures have shown.
The level of GDP for the whole of 2001 was 2.2pc, lower than the 2.4pc predicted a month ago by the Office for National Statistics (ONS).
Chancellor Gordon Brown had forecast GDP growth of 2.25pc for 2001 in his pre-budget statement.
The downward revision for 2001's GDP figure comes after the ONS scaled back its estimates of year on year growth for each of the four quarters of last year.
For the final three months, GDP growth was revised down to 1.6pc after being estimated at 1.7pc a month ago.
The ONS stuck to its original forecast that GDP growth was unchanged on a quarter on quarter basis.
That was the first time in 10 years that Britain's economy had failed to show any growth.
The latest revisions reflect a weaker than expected contribution from Britain's service sector. …