UK Economy on the Up

The UK economy grew faster than the 1.1% expected rise predicted by top financial experts. These findings were according to official data from the Office for National Statistics who predicted a rise of 0.6%. This growth showed the fastest quarterly increase since 2006 and a huge improvement from the 0.3% within the first quarter of the year.

Much of these increases were a direct result of the growth within the services sector, where a growth of 1.3% was seen in the first quarter. There was also, it seems, a big helping hand from the construction industry, who have recovered from their difficult start to the year and standstill projects due largely to the weather are now back on track.

It seems that the only industry that has suffered a significant loss was the travel industry due to the volcanic ash that grounded many flights and forced cancellations to many thousands of holidays.

http://www.bbc.co.uk/news/business-10737352

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