ONS revises British GDP growth

Britain’s economy grew by 1.2% in the second quarter of 2010, according to revised Office of National Statistics (ONS) figures.

This is up slightly up on the 1.1% GDP growth for the period previously estimated by the ONS.

The growth was led by a 1.5% rise in business service and finance output and an 8.5% rise in construction sector output—a figure revised upwards from 6.6%. (article continues below)

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