UK GDP figures: As it happened - news and reaction

Key points

  • The UK economy grew by 1.0% between July and September, more than economists had expected
  • Prime Minister David Cameron said the economy was "on the right track"
  • Shadow chancellor Ed Balls said the economy was "flatlining" and only back to the same size it was a year ago
  • The economy got a one-off boost from ticket sales for the Olympic and Paralympic Games
  • GDP, or gross domestic product, is the sum of all goods and services produced in the economy

Live text

Reporting:

  • Catherine Wynne 
  • Holly Wallis 

Last updated 25 October 2012

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