Growth estimate stays firm at -0.3 per cent

Consumption increased by 0.4%.

The ONS reports that its final estimate of GDP growth for the fourth quarter of 2012 holds steady at -0.3 per cent:

  • UK gross domestic product (GDP) in volume terms was estimated to have decreased by 0.3% between the third and fourth quarter of 2012, unrevised from the previous publication. In current prices GDP was also estimated to have decreased by 0.3% for the same period.

  • Household final consumption expenditure increased by 0.4% in volume terms in the latest quarter revised up from the 0.2% increase previously estimated.s

  • Among the main contributors to the decrease in GDP in the latest quarter were gross fixed capital formation which fell by 0.2% in volume terms and the £6.0 billion net trade deficit, which follows a £5.3 billion net trade deficit in the previous quarter.

The details of the release don't elaborate much more. Services output was flat, and industrial production fell by 2.1 per cent, the biggest since Q1 2009. Construction grew, however, by 0.8 per cent. We'll find out more next month, when the first estimates of growth for Q1 2013 come out.

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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David Cameron calls Sadiq Khan a “proud Muslim” – after trying to link him to Islamic extremism

The PM has his best flipflops on.

After months of backing the nasty racial politics of the Tory mayoral campaign, the Prime Minister has taken the bold move of sharing a platform with infamous moderate Sadiq Khan on the EU Remain campaign trail. Quite a spectacular about-turn.

Compare and contrast, readers.

David Cameron, 20 April 2016

“If we are going to condemn not just violent extremism, but also the extremism that seeks to justify violence in any way, it is very important that we do not back these people, and we do not appear on platforms with them. And I have to say, I am concerned about Labour’s candidate for Mayor of London, who has appeared again and again and again . . . The Honourable Member for Tooting has appeared on a platform with him [imam Suliman Gani] nine times. This man supports IS.”

David Cameron, 30 May 2016

“Let me first of all congratulate Sadiq on his victory. He talked about his father. He’s the son of a bus driver. I’m the son of a stockbroker, which is not quite so romantic. But he makes an important point about our country. In one generation someone who’s a proud Muslim, a proud Brit and a proud Londoner can become mayor of the greatest city on Earth. That says something about our country. There are still glass ceilings we have got to smash. There’s still discrimination we have got to fight.”

What a difference a month makes, eh?

I'm a mole, innit.