UK economic growth picks up to 0.5%
Better than expected figures for the UK economy dumfounded the experts and made George Osborne's slashing plan A policies look like they are bringing in a small positive result ........
The UK economy grew by 0.5% in the third quarter of 2011, according to the Office for National Statistics (ONS).
The growth in the July-to-September period compared with a 0.1% expansion in gross domestic product (GDP) in the previous quarter.
Output of the production sector rose 0.5% in the third quarter, compared with a 1.2% fall previously.
Service sector growth was up 0.7%, against a rise of 0.2% in the previous quarter.
The ONS emphasised that growth in the second quarter of the year had been dampened by one-off factors such as the extra bank holiday for the royal wedding.
As a result of these factors, analysts said the third-quarter figures should not be interpreted as a big economic rebound.