Economy grows by 0.8%

The economy has grown grew by 0.8% between June and September, the fastest pace in three years. Services provided the biggest boost but the utility sector fell 6.8%.

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  1. Richard Edgar

Social dangers hidden beneath uneven UK growth

The dangers of uneven growth across the country include those that are social. We know the impact of long-term unemployment in places like the North East, which has been the very slowest to recover. Although the region has been recovering and growing this year.

The other danger is the difficulty of managing an economy that has hotspots, which the Bank of England may want to control by raising interest rates.

But that would have the effect of killing off the recovery in an area that is struggling. While London dominates, the North West is still doing very well.

There are signs that growth and the confidence that come with it are edging back right across the economy. We get the first estimates of growth tomorrow. The betting amongst economists is 0.8 per cent growth. That's better than expected at the beginning of the year, but it is still weak.

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