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GDP grows by 1.2 per cent in Q2

The UK’s GDP grew by 1.2 per cent in the second quarter of 2010, according to revised Office of National Statistics figures.

This is up slightly up on the 1.1 per cent growth for the period previously estimated by the ONS.

The growth was led by a 1.5 per cent rise in business service and finance output and an 8.5 per cent rise in construction sector output – a figure revised upwards from 6.6 per cent.

Household expenditure also rose 0.7 per cent compared with a fall of 0.1 per cent in the first three months of the year.

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