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Osborne hails 'milestone' as GDP hits pre-2008 levels

The UK economy grew by 0.8% during the second quarter of 2014, the Office for National Statistics (ONS) said today.

The figures put the economy 0.2% ahead of its pre-crisis peak in early 2008, the ONS said.

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GDP expected at pre-recession levels

Official figures on the state of the UK economy released today are expected to show gross domestic product (GDP) has recovered to pre-recession levels.

  • GDP is forecast to have grown 0.8% in the second quarter of the year, maintaining the pace of the first quarter
  • Growth in the first three months of the year was just 0.6% of its previous peak in early 2008

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