Britain is expected to be named the fastest-growing major economy in the developed world last year after outpacing the United States.
Gross domestic product – the total size of the economy – increased by 2.6 per cent in 2014, the UK's best performance since 2007. Figures published yesterday in Washington showed the US economy grew by 2.4 per cent. The other G7 nations – Canada, Japan, Germany, France and Italy – have yet to announce their figures for last year, but are also expected to lag behind the UK.
Britain is expected to be named the fastest-growing major economy in the developed world last year after outpacing the United States.
Gross domestic product – the total size of the economy – increased by 2.6 per cent in 2014, the UK's best performance since 2007. Figures published yesterday in Washington showed the US economy grew by 2.4 per cent. The other G7 nations – Canada, Japan, Germany, France and Italy – have yet to announce their figures for last year, but are also expected to lag behind the UK.
Comments
Employment in the UK grew, taking hundreds of thousands of people out of unemployment. Those people have massively increased their income.