Summary
THE British economy expanded more quickly than expected between April and June, boosting expectations that further interest rate rises are on the way.
Government figures today showed that gross domestic product rose by 0.8% in the second quarter ahead of City forecasts of 0.7%. It pushed annual growth up to 3%, putting pressure on the Bank of England to raise rates yet again.See the full content of this document
Extract
Gdp Growth Spurt Adds Weight to Rate-Rise Case
The Bank has increased them five times in less than a year an...
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