Construction Boosts UK Economy

An 8.5 percent increase in construction helped grow the UK economy by a more-than-expected 1.2 percent in the second quarter of the year. The result surpassed the predicted 1.1 percent figure and was the fasted rate of growth for a single quarter since the first quarter of 2001.

“While the government is cautiously optimistic about the path for the economy, the job is not yet done”, said a spokesman for the Treasury. “The priority remains to implement the Budget policies which support economic rebalancing and help ensure the sustained growth that the Office for Budget Responsibility forecast this year and next.”

Source: BBC News

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