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U.K. Economic Growth Rises More Than Expected

From bloomberg.com

U.K. economic growth accelerated more than previously estimated in the third quarter in a surge that the Bank of England says is unlikely to be repeated as Europe’s debt crisis curbs bank lending and dents confidence. Gross domestic product rose 0.6 percent from the previous quarter, faster than the 0.5 percent previously estimated, the Office for National Statistics said today in London. The economy stalled in the three months through June, according to new data, compared with a previous figure of 0.1 percent growth. A separate report showed the current account deficit widened to a record in the third quarter. The ... (full story)

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