UK economy grows

According to recent figures published by the Office of National Statistics (ONS), the UK economy has climbed out of recession.

The figures revealed that in the final quarter of 2012:

  • GDP has increased by 1%
  • The output of services industries has increased by 1.3%
  • Construction sector output has decreased by 2.5%

In response to the release of these figures, Chancellor George Osborne announced “There is still a long way to go but these figures show we’re on the right track and are a sign the economy is healing.”

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