UK GDP rises by 0.8 per cent
The first estimate of the UK’s economic growth for the first quarter of this year is out – and despite missing analysts’ expectations of 1 per cent growth, it’s good news for the Coalition, with the size of the economy increasing by 0.8 per cent. Manufacturing output was up 1.3 per cent, and services output up 0.9 per cent – but growth in services (the dominant sector of the UK’s economy) made up most of the increase. [datawrapper chart=”http://static.spectator.co.uk/dnCTg/index.html”] But this is only a first estimate, and the figure is subject to revision. Since the crash, GDP figures have been revised by an average of 0.26 percentage points between their first and
