UK economy continues to grow in Q2: survey

08:12, July 07, 2010      

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The British economy continued to grow in the second quarter of this year, according to a survey by the British Chambers of Commerce (BCC).

The organization, which collected data from 5,600 businesses across the country, predicted in the survey on Tuesday that British economic growth in the second quarter will be between 0.6 percent and 0.7 percent.

However, the BCC said that there are serious concerns over sustained economic recovery and it found the service sector presented the biggest worry to the recovery.

"This is very much a tale of two sectors," said David Frost, director general of the BCC. "Manufacturing is performing far better than services."

On the country's huge fiscal deficit and the government's ongoing efforts to cut spending, he said, "what businesses have continued to tell us is they wanted the government to deal with this huge deficit and clearly the emergency budget went down well with our members because action was taken."



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