News Journal

U.K economy grows at a faster rate

U.K. economy grew at a fast rate of the last 9 years in the second quarter of the year 2010 as the construction sector strengthened. The economy is still having a tough road ahead due to the cuts in spending and excessive tax hikes.

The country’s GDP rose 1.2 % in the months of April – May – June which was up from 1.1 % and it is fastest since 2001 first quarter.