Britain's improving economy

Last updated 10:33 11/12/2013

Relevant offers

World

What's selling at the inauguration: Socks, mugs and Trump-scented candles Tesla avoids recall in probe of death linked to Autopilot Chinese e-commerce giant Alibaba becomes major Olympics sponsor Vegemite critic and rival Dick Smith cheers sale to Bega Cheese Donald Trump could send America into repeat of 1929 stockmarket crash, says Nobel prize winner Australian cheese company buys Vegemite off Kraft as part of $484m deal New Silk Road? First China-London freight train arrives Donald Trump's economy: Hope for the best, plan for the worst Aussie company Volley cops a serve from Christian lobby for using sex to sell tennis shoes Top four most expensive cities worldwide in Asia

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