
Although the European Union economy slowed in the first quarter of the year, it is still outstripping the UK economy.
Falling to 0.4% for January to March from 0.7% in the previous quarter, the UK economy is at 0.1% in the same period.
Meanwhile, Brexit Secretary David Davis has told colleagues that the Government will release a White Paper setting out its Brexit position, the clearest assertion yet since the EU Referendum in 2016.
"Detailed, ambitious and precise explanations of our positions,” Davis told his Conservative peers as the UK economy continues to underperform, as predicted by a Brussels forecast late last year, which said the UK economy would lag behind the EU.
Barret Kupelian, senior economist at PricewaterhouseCoopers, explained that the GDP figures show the UK has been the slowest-growing economy compared with the US and Eurozone for four quarters consecutively.
"This was the fifth out of seven consecutive quarters that the eurozone grew faster than the UK following the EU referendum."
"This suggests that the UK has not been able to reap the full benefits of an upturn in global economic activity, unlike other large economies like the eurozone and the US," said Kupelian.
As the UK economy slumps, government ministers are still debating how to manage post-Brexit customs, which will affect the UK’s trading with EU nations, and potentially other nations, moving forward.
Lasting over 100 pages, the White Paper aims to settle every government department moving forward with Brexit and will be published ahead of June’s EU summit.
Snow hit the UK economy in April, the worst economic month since the month just after the EU Referendum in 2016.