UK economy slows

LONDON: Britain’s economy slowed in April and may stall as consumers worry about June’s EU referendum, reaching levels at which in the past the Bank of England began to consider rate cuts, a survey of the dominant services industry showed. If last month’s weakness persists, economic growth may be just 0.1 per cent in the second quarter, down from 0.4 per cent in the first three months of this year, financial data company Markit said on Thursday.