UK GDP growth for Q1 2018 remained unchanged at 0.1%. Construction provided the biggest drag on growth, while the slow-down in household spending weighed on growth from consumer facing service sectors such as retail. This rate of growth is well below expectations, and strongly affected by spell of severe weather experienced in the first three months of the year. Growth is expected to pick up in Q2 (and indeed the Bank of England expects the figure for Q1 to eventually be revised up), however expectations for growth over the whole year remain around a modest 1.5%, with subdued consumer spending a key driver of pessimism over the outlook.