UK economy roaring ahead says ONS

That is one of the fastest annualised rates since the dot.com boom crashed in early 2000, and well ahead of the US, which economists estimate grew at an annualised rate of below 3% in the second quarter. The Office for National Statistics says consumption maintained its strong pace, but it was continued revival in manufacturing that really put the backbone into the overall growth figure. Manufacturing output increased by 0.9% through the quarter, similar to the growth rate experienced by the services sector. So-called “compensation of employees” grew by 0.9% too, although this was ...