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UK GDP growth revised up to 0.3%

The UK’s Gross Domestic Product grew by 0.3% between January and March, revising up the original estimate of 0.2%.

The Office for National Statistics reports that GDP is 0.2% lower than Q1 of 2009.

Output of the production industries rose by 1.2% compared with a rise of 0.4% in the previous quarter, with manufacturing output growing by 1.2%compared with growth of 0.8% in the previous quarter.

Construction output fell by 0.5% over the quarter.

Household expenditure remained unchanged and is now 0.5% lower than the first quarter of 2009.

Government final consumption expenditure rose by 0.5% and is now 3.1% higher than the first quarter of 2009.

Gross fixed capital formation rose by 1.5% and is now 5.7% lower than the first quarter of 2009.


Problems in claims industry are down to lack of regulation

I was interested to read the article in which Blu Debt Management argued that claims firms had left clients and brokers worse off. The claims industry is still fairly new. Many firms are trying to ensure the laws are interpreted correctly and that if a consumer has been disadvantaged by an unfair contract they should […]


Precise intent

Alan Cleary’s new lender Precise Mortgages aims to boost the mortgage market with an injection of fresh money, starting off with the buy-to-let sector


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