UK Treasury: Job On Economy ‘Not Yet Done’

LONDON – The U.K. Treasury has warned that work on reviving
the economy has not yet finished, despite an upward revision to Q2
growth data.

“While the Government is cautiously optimistic about the path for
the economy, the job is not yet done. The priority remains to implement
the Budget policies which support economic rebalancing and help ensure
the sustained growth that the Office for Budget Responsibility forecast
this year and next,” the Treasury said.

UK Gross Domestic Product was unexpectedly revised higher to show
an increase of 1.2% on the quarter in Q2 and a rise of 1.7% on the year.
This was the highest quarerly growth since Q1 2001.

London newsroom: 4420 7862 7491; email: wwilkes@marketnews.com

[TOPICS: M$B$$$,MABDS$,MT$$$$]