British economy grows faster than expected

1 April 2015 03:30 am - 0 - {{hitsCtrl.values.hits}}

A A A

AFP: Britain’s economy grew faster than expected in the final quarter of last year, revised official data revealed yesterday.
Gross domestic product expanded by 0.6 percent in the last three months of 2014, up from a previous estimate of 0.5 percent, the Office for National Statistics said in a statement.
GDP for last year reached 2.8 percent, higher than the previous reading of 2.6 percent, the ONS added.
At 2.8 percent, Britain still grew at the fastest pace since 2006, or before the global financial crisis.
“This is the fastest annual growth since 2006, and confirms the UK as the fastest-growing of the G7 economies,” said economist Ben Brettell at stockbroker Hargreaves Lansdown.
“This is the latest in a long list of good news stories about the UK economy, which is sure to be a key battleground in the upcoming election.”
The state of Britain’s economy is in sharp focus as the country gears up for a general election on May 7.
Britain has emerged from recession and into growth under a coalition government headed by Prime Minister David Cameron’s Conservative party.
The Conservatives have shared power with the smaller Liberal Democrat party since 2010, with the pair overseeing deep austerity cuts to government spending.
The main opposition Labour party has vowed to do more to help struggling middle and lower income voters while promising to do more to protect the state-run National Health Service.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

British economy grows faster than expected

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Ranil Wickremesinghe caravan moves on despite barking dogs

Sri Lanka weighs Open Skies amidst plans for national carrier privatization

Racing event tragedy leaves seven dead including eight-year-old child

SL on alert on possible genocide allegations by Canada

Sri Lankan among NASA’s new crew for next simulated Mars journey

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

MIRROR CRICKET

Sahan Arachchige to lead Sri Lanka ‘A’

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

TODAY'S HEADLINES

Foreign powers intensify surveillance on Presidential elections as strategic interests take centre stage

New uterine loop for monkey birth control

Sajith avoids reception hosted for Iranian President

Do not be afraid to use weapons, Minister Alles tells police

Sahan Arachchige to lead Sri Lanka ‘A’

Dates confirmed for 78th Bradby Shield

SLAS appoints independent committee for investigation

Pakistan lose key players for last two T20Is against New Zealand