UK economy grows at fastest rate in six years in 2013

Britain's economy grew last year at its fastest rate since the financial crisis, official data showed on Tuesday, raising questions about how long the Bank of England can keep interest rates at a record low. Barring construction and oil and gas extraction, all major sectors of Britain's economy expanded in the final three months of 2013, concluding its best showing since 2007, the Office for National Statistics said. The economy grew 0.7 percent quarter-on-quarter from October through December, in line with forecasts for that pace to ease from 0.8 percent in the third quarter. The data also led to more speculation about when the Bank will raise rates.

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