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Booming Britain running smoothly? Don't believe the hype just yet
Get ready for the celebrations. Tuesday sees the release of Britain's growth figures for the first three months of 2014 and they will show a hefty rise in national output. An increase of 1% in gross domestic product is possible. This has political significance given that a year ago there were fears the UK was about to descend into a triple-dip recession and that a year from now the parties will be counting down the days to a May 2015 general election. You can write the headlines now: "Boom-boom Britain"; "Britain back with a bang"; "Never had it so good". A recovery is happening and there is no immediate sign of ... (full story)