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The Office for National Statistics released the U.K. gross domestic product (GDP) figures. U.K. gross domestic product increased 0.8% in the first quarter (Q4 2013: +0.8%). Analysts had expected this figure.
On a yearly basis, U.K. gross domestic product climbed 3.1% in the first quarter (Q4 2013: +3.1%). Analysts had expected this growth.
U.K. business investment rose by 2.7% in the first quarter, from a 2.4% gain in the previous quarter. That was the highest pace since the first quarter of 2013.
On a yearly basis, U.K. business investment climbed 8.7% in the first quarter, unchanged from the previous quarter figure.U.K. public sector net borrowing excluding one-off payments related to Royal Mail's pension plan and cash transfers from the Bank of England was £11.5 billion in April. The amount increased nearly 2% from April last year.
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