UK dodges triple-dip recession

Chancellor George Osborne insisted that the economy is "healing" as official figures revealed Britain dodged a much-feared triple-dip recession with growth of 0.3% in the first three months of the year.

Economics Editor Richard Edgar reports:

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UK avoids triple-dip recession

A triple-dip recession has been averted as the economy grew by 0.3% in the first three months of the year, according to preliminary estimates. The Chancellor George Osborne has said it is "an encouraging sign the economy is healing".