UK GDP up 0.7 per cent

UK GDP grew by 0.7 per cent in the fourth quarter of 2013, according to the latest quarterly national accounts from the Office for National Statistics (ONS).

UK recovery slowest ever

George Osborne has dodged a second bullet in a week. After learning that borrowing had fallen by a modest £300 million on Tuesday compared to last year, today we found out that a triple dip has been averted with meagre growth of 0.3 per cent in the first quarter of the year.