Growth in service sector boosts UK economy

Sep 5, 2012

UK is 'clawing its way out of recession' with service sector growth

Economists believe the UK is 'clawing its way out of recession', citing growth in the country's vital services sector. According to The Daily Telegraph, activity among the UK's banks, hauliers, accountants and other services industries - businesses that make up three-quarters of the UK economy - are registering their strongest performance in five months. The improvement corresponds with a GDP growth of 0.1 per cent, says Vicky Redwood at Capital Economics.

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