Britain's improving economy

Last updated 10:33 11/12/2013

Relevant offers

World

UK retail company Sports Direct condemned for 'Victorian' work conditions Pokemon Go is providing some new revenue options Ban on Wicked Campers in Queensland widely applauded Australia's richest woman Gina Rinehart buys two cattle stations Scandal costs grow but Volkswagen stock jumps US goes after $1.4 billion in assets linked to Malaysian fund 1MDB Lachlan Murdoch set to get his revenge on Fox boss Roger Ailes ANZ Bank makes A$50m just by moving the furniture The world's first Pokemon Go dating service launches in US British police confirm Unaoil graft investigation

Britain's economy grew an estimated 0.8 per cent in the three months to the end of November but has not yet reached pre-recession levels, the National Institute of Economic and Social Research (NIESR) said on Tuesday.

The figure represents a slight increase from the 0.7 per cent reached in the three months to October.

The economic think tank said that continued growth in a wide range of sectors was supporting the recovery, and the pace of expansion was consistent with a "gradual narrowing of the UK's negative output gap".

Separate data from the Office of National Statistics earlier showed that British industrial output rose by 0.4 per cent in October, slightly above a Reuters poll consensus of 0.3 per cent.

The ONS also said that the overall trade deficit narrowed in the same month to £2.62 billion ($5.21 billion), including a surplus in trade in services.

Ad Feedback

- Reuters

Special offers

Featured Promotions

Sponsored Content