Land of hope?

Amidst the royal celebrations, the Bank of England has something else to cheer about – the economy is finally showing signs of life.

Could it be that the UK economy is finally breaking free of the longest and deepest recession since the 1930s?

News that GDP rose 0.6 per cent in the June quarter has certainly sparked a degree of optimism, as it follows a semi-decent 0.3 per cent rise in GDP in the March quarter. GDP grew by 1.4 per cent over the past year.

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