British economy grows 0.8% in second quarter

Friday 15 August 2014 11.04
UK economy grew by 0.8% in second quarter

Britain's economy grew by 0.8% in the second quarter of 2014 compared with output in the first three months of the year, official data showed today. 

Gross domestic product had also expanded by 0.8% during the first quarter of the year, the Office for National Statistics said in a statement, confirming initial estimates provided last month. 

The UK's GDP grew by 3.2% in the three months from April to June compared with the second quarter of 2013, slightly up on the initial estimate of 3.1%.
 
At 0.8% quarter-on-quarter growth, Britain's economy overtook the size it achieved before the global financial crisis of 2008.

While Britain's economy shows signs of solid recovery, growth in the 18-country euro zone ground to a halt in the second quarter, official data showed yesterday, dragged down by France and Germany and casting a cloud over the crisis-hit region.