UK emerges from double-dip recession

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George Osborne says 1% growth in the third quarter of 2012 shows the 'economy is healing'.

The figures, announced by the Office for National Statistics on Thursday, mean the chancellor will be able to deliver his autumn statement on 5 December against the background of an economy that has returned to growth.

However, the ONS pointed out that GDP growth - the strongest rate since the third quarter of 2007 – had been artificially boosted by two short-term factors: the Olympic Games, which fell in July and August, and the bounce-back from June's extra Bank Holiday for the Queen's Diamond Jubilee....Read more

guardian.co.uk