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UK economy showing “green shoots” as growth thought to double


Britain is experiencing the “green shoots” of recovery, it has been claimed, with economists convinced that growth has doubled in pace and sentiment among households reaching its strongest in years.

The UK economy expanded by 0.6pc in the second quarter of the year, official figures are expected to show on Thursday, after 0.3pc growth in the first three months of 2013. Some analysts are even predicting 0.7pc or 0.8pc growth.

In addition, for the first time in years, the data from the Office for National Statistics will show the economy is “firing on all four cylinders”, according to Investec economist Philip Shaw.

That is because he expects services, industry, construction and agriculture all to have expanded, which would be the first time all sectors have done so at the same time since the autumn of 2010.