Trade Leads U.K. Economy to Growth as Recovery Broadens
This article is for subscribers only.
Trade, investment and consumer spending led the U.K. economy to a fourth straight quarter of growth at the end of the year, suggesting the rebalancing sought by Chancellor of the Exchequer George Osborne is under way.
Gross domestic product rose 0.7 percent in the fourth quarter from the previous three months, the same as previously estimated, the Office for National Statistics said today in London. From a year earlier, the economy expanded 2.7 percent, the most in almost six years, and there was an annual 8.5 percent increase in business investment.