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Friday, October 25, 2013

UK Economy Grows By 0.8%

ONS statistics published today show that Britain's economy grew by 0.8% between July and September of this year, that is the best performance since Q2 2010. The services sector accounted for the majority of the growth, itself growing by 0.7%.

It is encouraging to note that Mark Carney, the Governor of the Bank of England, has said that the Bank will not rush to raise interest rates or withdraw support for banks.

Now if the government could only bring itself to simplify the tax system, and indeed lower taxes, we might be assured that this growth can be maintained!

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