Thursday, 25th November 2010
Fears of a double-dip recession faded last night as Britain continued its stronger-than-expected recovery. The economy grew by 0.8 per cent in the third quarter of the year thanks to a rebound in exports, official figures showed.
It was slower than the 1.2 per cent growth for the previous three months but was still welcomed by experts who said it showed the recovery was on track.
However, hard-pressed families are cutting back their spending in a worrying sign that the pace of recovery could slow further in the coming months.