Figures released today revealed the British economy grew less in the second quarter than had previously been predicted. The economy grew by 0.7% in the April to June period, rather than the 0.8% that was predicted.
The Office of National Statistics, who released the report also announced that service industries output had increased by 0.9% and construction output increased by 0.5%.
The report revealed that the household saving ratio had decreased in the latest quarter to 5.2%, down from 6.4% in the previous quarter.
Private non financial corporations showed a net lending of £8.3 billion in the latest quarter, the previous quarter was $5.7 billion.