
Just as the royal family are celebrating an addition to the family so are UK economists celebrating with reports of a strengthening economy in the second quarter.
Office figures revealed that the economy grew by 0.6 per cent in the second quarter of the year, with services increasing by 0.6 per cent and manufacturing growing by 0.4 per cent.
Important areas of UK industry such as construction have also shown strong signs of recovery, with a wealth of new construction projects providing new work.
GDP grew consecutively over the three months leading to June with Chancellor George Osborne saying: "(Sic) GDP stats better than forecast”.
The news of second quarter growth provides much needed valediction to the Chancellors economic strategy, which avoided multiple large spending programs designed to stimulate growth been employed within the EU.
UK economy ‘improving’ according to European Central Bank as German growth shrinks