Economic Growth
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UK growth 'fastest since 2003'
The UK economy is growing at its fastest pace for more than a decade, according to figures from the CBI. It said a survey of growth recorded in May gave the strongest reading since its data began in
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Recession 'on verge of being over'
The recession that has gripped the UK for six years is on the verge of being over after a leading economic body said the economy is almost back to its pre-financial crisis peak. Growth will exceed its 2008 high in the next few months, the
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Miliband warning on middle classes
The link between growth and ordinary families' finances has been "broken", as the proceeds of economic recovery disproportionately go to the rich and the rising cost of essentials hits middle-income earners hard, Labour leader Ed
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Economy 'returning to peak of 2008'
The size of the UK economy will finally return to its pre-crisis peak later this year, official forecasts revealed in the Budget today. Figures from the independent Office for Budget Responsibility (OBR) also nudged up growth forecasts for this
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Economic growth fastest since 2007
Britain's economy grew by 1.9% last year, the fastest pace since 2007, official figures showed today. The pace of expansion slowed slightly to 0.7% in the fourth quarter after the construction sector shrank due to a poor performance in
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Economy 'faces serious challenges'
The economy is still facing "serious challenges", debt levels are still too high and unemployment will increase to almost three million next year, a leading business group has predicted. The British Chambers of Commerce (BCC)
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World economic growth 'set to slow'
A recession in Europe and weaker growth in India, Brazil and other developing countries is likely to slow global economic growth, the World Bank said. In its annual report, the bank substantially cut its forecasts for growth in both developed
