Special Report: The facts and figures behind the UK’s economic recovery

MoneyAt the end of April 2014, the Chancellor George Osborne, confirmed that the UK economy had grown by 0.8% in the first three months of 2014, marking a fifth consecutive period of gross domestic product (GDP) growth (the longest since the 2008 financial crisis). Meanwhile, unemployment has dropped to 6.8% (the lowest figure in 5 years) as wage growth slowly begins to catch up with inflation and new jobs are created. The International Monetary Fund (IMF) has added to the renewed optimism by forecasting that the UK economy will grow by up to 2.9% in 2014, making it the fastest growing of all G7 nations (a figure eclipsed by the greater than 7% growth predicted for China).

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