UK Economy Grew 1.9 Percent in 2013

The UK economy grew by 1.9% in 2013, its strongest rate since 2007, according to the Office for National Statistics (ONS).

But gross domestic product (GDP) for the fourth quarter fell to 0.7%, down from 0.8% in the previous quarter, it said.

And economic output is still 1.3% below its 2008 first quarter level,

“We’ve seen growth in most parts of the economy,” said Joe Grice, chief economist at the ONS.

Responding to the figures, Chancellor George Osborne said: “These numbers are a boost for the economic security of hard-working people. It is more evidence that our long-term economic plan is working.

via BBC

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