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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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Services industry drives economic growth

The UK economy grew by 0.8% in the last quarter, driven by growth in services and production, the ONS said.

  • Output increased in two of the four main industrial services: Services grew by 1%, production grew by 0.4%, whilst construction and agriculture were both down slightly, by 0.5% and 0.2% respectively.

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