February 26th in Economy, News by Editor .
UK Economy Really Motoring In Fact
Revision means that the UK actually grew at a whopping o.3% last quarter…
Party time.
The UK economy’s growth of 0.3% in the final three months of last year is three times faster than previously estimated.
The revision was due to stronger growth in services and production.
But keep the champagne on ice for the time being.
BBC: The better-than-expected revision confirms the UK’s economic recovery. But analysts said there was still a chance that the economy could contract again in the current quarter.
“I don’t think we are out of the woods,” said Adam Chester at Lloyds TSB Corporate Markets.
Will that change Jim’s mind. Hmmm.
