Britain's improving economy

Last updated 10:33 11/12/2013

Relevant offers

World

Back from Vanuatu but next stop, Nepal Comcast to end US$45 billion bid for Time Warner Cable Google first-quarter revenue jumps 12 per cent, shares rise Forbes reveals world's richest property tycoons Australian property seen as hot destination for money laundering US Democrats divided on Trans-Pacific Partnership Fast food giant says China recovering from meat scare Generic drugmaker Teva makes $52 billion offer for rival Mylan Huawei boss: China cybersecurity rules 'could backfire' Japan's maglev train smashes world speed record

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