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28/01/2014
ONS Figures Show Growth In UK Economy
New figures from the Office for National Statistics (ONS) have shown that the UK economy grew by 1.9% in 2013, despite gross domestic product falling by 0.1%, finishing the final quarter at 0.7%.
Chancellor George Osborne has said that the numbers are a boost to economic security and further evidence that the governments economic plan is working.
Labour's shadow chancellor however said that while the numbers were welcome, there was still no recovery for people facing a cost-of-living crisis.
(MH/CD)
Chancellor George Osborne has said that the numbers are a boost to economic security and further evidence that the governments economic plan is working.
Labour's shadow chancellor however said that while the numbers were welcome, there was still no recovery for people facing a cost-of-living crisis.
(MH/CD)
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0.8% Growth For UK Economy
The UK economy has grown by 0.8% in the first quarter of 2014, official figures have claimed. This is the fifth consecutive increase in GDP growth. However, the Office for National Statistics (ONS), which published the findings, said the economy remains 0.6% smaller than its peak of 2008.
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The UK economy has grown by 0.8% in the first quarter of 2014, official figures have claimed. This is the fifth consecutive increase in GDP growth. However, the Office for National Statistics (ONS), which published the findings, said the economy remains 0.6% smaller than its peak of 2008.
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