UK Recovery ‘Motors Ahead’

Britain’s recovery is “motoring ahead”, the Chancellor declared on Tuesday, after official data showed faster growth in the second quarter pushed output per head back to pre-crisis levels. http://www.telegraph.co.uk/finance/economics/11767133/UK-growth-accelerates-as-economy-expands-by-0.7pc-in-second-quarter.html

The expansion in the second quarter was driven by Britain’s dominant services sector, which accounts for more than three quarters of UK output.

The Chancellorsaid the figures showed Britain was “motoring ahead”, as the data suggested the recovery in the UK pulled even further ahead of Germany’s in the second quarter.

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