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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George Osborne: 'More to be done' on UK economy

Chancellor George Osborne told ITV News the economic "recovery is gaining momentum" but admitted there is "more to be done".

Chancellor George Osborne said the recovery is "gaining momentum". Credit: ITV News

In an interview with ITV News' Economics Editor Richard Edgar, Mr Osborne said: "Lots of work remains but I think there's real momentum, of course we are emerging from a really difficult recession which hit some parts of the country very hard...I'm the first to say that there's more to be done.

"The recovery is in the early stages but the numbers we have today show that the recovery is gaining momentum.

"If Britain is growing then the finances of Britain's families will start to grow."

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