Britain's recovery broadens, helped by long-awaited investment
LONDON (REUTERS) - Britain's economic recovery broadened in the last three months of 2013, driven by a pick-up in business investment and trade that will hearten the Bank of England and the government.
Consumer spending and a turnaround in the housing market have been the main drivers behind Britain's surprisingly rapid upturn, which started last year.
But Wednesday's data suggested a more balanced recovery may be building, little more than a year before a general election.
Gross domestic product rose by 0.7 per cent in the fourth quarter, the Office for National Statistics said, unrevised from an earlier estimate and in line with forecasts.