UK economy continues uplift
The UK now has a forecast of 0.6% growth, which is the strongest since the end of 2011 – improving since the Olympics last year.
When the first-quarter growth numbers were realised there was worry that the UK had fallen back into recession. Instead, the UK had seen the fastest growth in nearly two years. – For the first time since 2010, all the major sectors of the economy showed growth. This will show improvement for all the construction and manufacturing companies that have struggled over the last year.
The Treasury’s funding for lending scheme has helped to open up the mortgage taps, getting the housing market moving again. Showing that mortgage approvals were at their highest in the last 3 and a half years in May, showing improvement for the economy in all areas.
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