Business

UK economic growth bounces back to increase by 0.7%

Gross domestic product (GDP) has increased by 0.7 per cent in the second quarter after falling back to a rate of 0.4 per cent in the previous period - the weakest pace since the end of 2013
John-Paul Ford Rojas, Press Association
UK growth bounced back in the second quarter of 2015 as gross domestic product (GDP) increased by 0.7 per cent, according to official figures. It means GDP per head - a measure which takes into account that the nation's wealth is shared by an expanding population - has now caught up with pre-crisis levels at the start of 2008. The overall GDP figure, published by the Office for National Statistics (ONS), was in line with expectations. Confirmation that growth is now back on track could add to speculation about the timing of an interest rate being brought forward. A return to fo[...]
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