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Year-on-year rise sees GDP hit the 1.2% mark in Q2

The latest figures from the Office for National Statistics – released last week – showed that gross domestic product in Q2 2010 was 1.2% – 1.7% higher than for the same period in 2009.

Household expenditure rose 0.7% compared with a fall of 0.1% in Q1 this year.

Jeremy Cook, chief economist at World First, says: “It is evident that while the recovery has started it is still at an embryonic stage. There will be some concern about the 0.7% increase in private consumption – this is likely to fall as austerity measures bite come October.”


Paul Hunt

Give credit to people’s industry

Albeit in support of the greater good, opportunities in microfinancing projects in poor-world countries may be a more accessible prospect than we would first think, says Paul Hunt, managing director, Phoebus Software

Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]


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