Welcome back to the City AM liveblog. The UK has received fresh economic growth data this morning which has put GDP expansion at a sluggish 0.1 per cent for the month of May. The services sector – which contributes more than 80 per cent of total economic output – grew 0.3 per cent against steep falls in other parts of the economy. Manufacturing contracted 0.8 per cent and production 0.5 per cent. “While all three main sectors grew over the thre…