UK Economy on the Mend After 0.6% Growth
The UK economy is “on the mend” after figures showed it grew by 0.6% in the three months to June, said Chancellor George Osborne.
Output grew in the construction, manufacturing, services and agriculture sectors according to the Office for National Statistics (ONS).
It said the figure meant the economy has recouped more than half the 7.2% of output lost in the 2008-09 recession.
The 0.6% seasonally adjusted growth rate was in line with market expectations, and was up from 0.3% growth in the previous quarter.
It is the first estimate for growth during the second quarter of 2013, and is based on about 44% of actual data on economic activity.
Mr Osborne said, “These figures are better than forecast. Britain is holding its nerve, we are sticking to our plan, and the British economy is on the mend, but there is still a long way to go and I know things are still tough for families.”
