British economy grows 0.7% at end of best year since 2007

The British economy expanded 0.7 per cent in the fourth quarter, ending the best year since 2007 amid growth in every sector except construction.

28th January, 2014
London's financial district is a driving force in the British economy.

The British economy expanded 0.7 per cent in the fourth quarter, ending the best year since 2007 amid growth in every sector except construction.

The increase in gross domestic product followed a 0.8 per cent gain in the third quarter, the Office for National Statistics said today in London.

The strength of the economy pushed the pound to a 2 ½ year high against the dollar this month and is forcing Bank of England officials to reconsider their...

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