web analytics

Latest News



‘The economy’s on the mend’ says Chancellor

Screen shot 2013-07-25 at 11.57.52THE UK economy has recorded successive quarters of growth, official figures published today reveal.

Gross domestic product (GDP) rose 0.6 per cent in the second quarter of the year – the first time since 2011 that the UK economy has seen successive quarterly increases, following a 0.3 per cent rise at the beginning of 2013.

All main sectors of the economy grew for the first time since quarter three 2010 according to the Office for National Statistics.

The economy is ‘on the right track’ and Britain is ‘holding its nerve’ tweets from Prime Minister David Cameron and Chancellor George Osborne said.

‘Today’s economic growth figures are encouraging. We are on the right track – building an economy for hardworking people,’ tweeted Cameron, while Osborne posted: ‘GDP stats better than forecast. Britain’s holding its nerve, we’re sticking to our plan, the economy’s on the mend. But still a long way to go.’

About James Batchelor

Award-winning journalist James Batchelor is editor of Car Dealer Magazine. He also contributes to other motoring publications including AOL Cars.