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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George Osborne: GDP figures a 'major milestone'

George Osborne has said the news that the economy is now ahead of its peak before the financial crisis is "a major milestone".

The economy grew 0.8% in the second quarter of this year, according to the latest estimate from the Office for National Statistics.

Despite the positive news, the Chancellor tweeted that there was still a "long way to go" for the economy to fully recover from the crisis.

He also stressed the need for the Government to stick to its economic policies and "not to repeat the mistakes of the past".

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