U.K. Economy Beats Estimates, Grows by 0.8%

The U.K. economy grew 0.8% in the third quarter, twice as fast as expected.

The construction sector helped drive the economy in the third quarter, enjoying its second straight quarter of strong growth, Reuters reported.

Economists had forecast that the economy would slow much more sharply following growth of 1.2% in the second quarter.

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“It’s much stronger than expected,” Alan…

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U.K. Economy Beats Estimates, Grows by 0.8% originally appeared on DailyFinance on Tue, 26 Oct 2010 06:53:00.

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UK Unemployment Rises Most in Eight Months

British unemployment claims rose by the most in eight months in September as the economic recovery slowed.

Jobless benefits claims rose by 5,300 to 1.47 million, Bloomberg News reported.

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Consumer confidence touched an 18-month low in September as the public readied for the coalition government’s spending cuts.

“Unemployment is still on a rising trend. The fall in consumer confidence…

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UK Unemployment Rises Most in Eight Months originally appeared on DailyFinance on Wed, 13 Oct 2010 06:34:00.

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