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Tag: UK GDP

A Recovery Built on Thin Air

A Recovery Built on Thin Air

You could be forgiven for thinking that the economic recovery is under way in the UK. Gross domestic product grew by 0.7% in the second quarter and the National Institute of Economic and Social Research expects growth of 1.2% for the year as a whole. Meanwhile,¬†British industrial output grew at the quickest pace in more than two years in June and house prices have expanded 4.6% year-on-year – driving the UK’s average house price to the highest level ever. However,…

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