Menu
27/08/2010
Economic Growth 'More Than Thought'
The UK economy has been boosted further than predicted in the second quarter of 2010, aided by a strong performance by the construction sector.
The Office for National Statistics (ONS) revised the initial estimate of 1.1% growth to 1.2% as construction output grew by 8.5% in the second quarter.
A spokesman for the Treasury commented: "While the government is cautiously optimistic about the path for the economy, the job is not yet done.
"The priority remains to implement the Budget policies which support economic rebalancing and help ensure the sustained growth that the Office for Budget Responsibility forecast this year and next."
Air travel feel by 11% during the same quarter due to the effect of the ash cloud and BA strike.
(GK/BMcC)
The Office for National Statistics (ONS) revised the initial estimate of 1.1% growth to 1.2% as construction output grew by 8.5% in the second quarter.
A spokesman for the Treasury commented: "While the government is cautiously optimistic about the path for the economy, the job is not yet done.
"The priority remains to implement the Budget policies which support economic rebalancing and help ensure the sustained growth that the Office for Budget Responsibility forecast this year and next."
Air travel feel by 11% during the same quarter due to the effect of the ash cloud and BA strike.
(GK/BMcC)
Related UK National News Stories
Click here for the latest headlines.
05 May 2009
New Single Planning Policy For Economic Growth
A new planning policy setting out a comprehensive approach for planning for sustainable economic growth in all parts of the country has been published for consultation by Housing and Planning Minister Margaret Beckett today.
New Single Planning Policy For Economic Growth
A new planning policy setting out a comprehensive approach for planning for sustainable economic growth in all parts of the country has been published for consultation by Housing and Planning Minister Margaret Beckett today.
26 January 2010
UK Emerges From Recession
The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
UK Emerges From Recession
The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
26 April 2005
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
17 November 2008
'Wellbeing Power': Forgotten Tool In Tough Economic Times
Councils have not used a legal power that could help their area ride out tough economic times, the Government warned today. Local Government Minister John Healey, in a letter to council chiefs, urged them to consider using this "wellbeing power" to support their communities during the current economic climate.
'Wellbeing Power': Forgotten Tool In Tough Economic Times
Councils have not used a legal power that could help their area ride out tough economic times, the Government warned today. Local Government Minister John Healey, in a letter to council chiefs, urged them to consider using this "wellbeing power" to support their communities during the current economic climate.
25 April 2005
Labour attacks Conservative economic policy
Labour have emphasised their focus on a strong economy today, as the party continued to criticise the Conservatives economic policy.
Labour attacks Conservative economic policy
Labour have emphasised their focus on a strong economy today, as the party continued to criticise the Conservatives economic policy.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
