Second quarter GDP figures showing rate of growth accelerating from 0.4% in first quarter will further fuel talk of interest rate rise
Britain’s economic growth bounced back in the second quarter of the year according to official data on Tuesday, fuelling the debate about the first rise in interest rates since the financial crisis.
After a slowdown in the first three months of the year to growth of 0.4%, the first estimate for growth in the second quarter from the Office for National Statistics stood at 0.7%. The figure is in line with City expectations.
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