Osborne says UK economy 'on the mend'

A stock photo of money.
The economy grew by 0.6% between April and June this year, according to preliminary figures by the ONS. Photo: Reuters

Britain's beleaguered economy is finally "on the mend", Chancellor George Osborne said today, as official figures showed a second successive quarter of growth.

All four main sectors showed improvement, according to the Office for National Statistics (ONS).

The estimate of a 0.6% rise in gross domestic product (GDP) was the first time since 2011 that the UK has seen back-to-back quarterly growth, and doubled the 0.3% figure for the last period.

ITV News economics editor Richard Edgar reports:

It was in line with expectations, but the fact that the struggling construction and manufacturing sectors managed to swing into expansion were seen as particularly encouraging, as it suggested a broad-based improvement.

The Chancellor hailed the figures as a vindication of the coalition's austerity policies, tweeting:


GDP stats better than forecast.Britain's holding its nerve, we're sticking to our plan, the economy's on the mend.But still a long way to go

Prime Minister David Cameron said the figures were "encouraging" and showed Britain was "on the right track - building an economy for hard-working people".

Chief Secretary to the Treasury Danny Alexander highlighted after the announcement that there was "a lot more to do":


Good, balanced growth figures show we are on the right track - but not time to get carried away, there's a lot more to do

Shadow chancellor Ed Balls gave a cautious welcome to the growth figures, saying: "After three damaging years of flatlining, this growth is both welcome and long overdue.

"But there is still no recovery in family living standards".