UK economy grows faster than expected with 0.8% rise

Of course it did ....the Socialist leg irons are now off !

More than any other factor the knowledge that New Labour no longer has its hands on the UK will boost confidence and stimulate economic recovery.

Cant agree with the 1st two comments , the last two quarters growth are a direct consequence of action taken by the last Government to save the economy from depression. No " leg irons" have yet come off and cuts have not yet happened to show through in such figures. The only thing that could affect these figures is sentiment and the slowing down in the latest quarter does reflect consumer confidence easing as the fear of unemployment grows

Quite agree Anon1. However, I do expect the ConDems to take all the credit for the work that Labour were doing to pull us out of recession before they left office. Labour lead us out of recession, my money is on this shower putting us back in it.

This is good news and demonstrates the timing of the cuts is perfect.

When government's have large deficits extra spending can have little effect on growth because of higher interest rates in the market.

Post election long term rates 4.00% and now 3.00%. NO ED OR BALLS REQUIRED!

The effect this will have on someone buying a new property or remortgaging is far far more important than spending cuts!

However,I think the major realisation from this news is that we might not need QE (even though the BOE is ready) and that GILTS will crash. If I held UK GILTS I would sell ASAP and move into the best long-term inflation edge- Stocks and Shares. Gold having no long-term perfornance (50 years)

Just a point of fact. The release shows that part of the reason why the number was higher than economists had forecast was because government output defied expectations and rose 0.6 per cent, down only slightly from the 0.7% increase in the second quarter.

During its 13 years in office New Labour routinely spent more moneythan it raised in tax and plunged the country into debt that future generations will have to pay. More than one million jobs were lost in the private sector on account of crippling rules and regulations that make the UK an undesirable place in which to conduct business. Labour attempted to hide these by the creation of public sector "jobs" that produce nothing and an economic model that was built solely on debt. The resulting downturn was entirely its fault and it will take years to correct.

Thank goodness for human nature, if everyone worked hard and earned more than they spent what a boring place this would be...... the name of the game is to try and increase and protect capital from the Goverment's efforts and from the people who spend more than they earn.....

Don't know how the city of london is doing, but out there in the real economy I fail to see any of this growth on the streets. Still feels like a dead cat bounce to me fuelled by the last QE programme

The economy takes a least 6 months to show any signs of movement after measures taken by "any" government.

The guy from ONS on this mornings BBC News was obviously reading from a prompt sheet, telling us that this recovery is exactly in line with the last two recoveries.

The next quarter may be slowing and the one after that will have VAT @ %20, cuts will be biting, oh well keep watching the news for a bit more bigging up.

Lets think for ourselves -

Why is the news the same on BBC and Sky? and why is the same news repeated every fifteen minutes? does nothing else happen during the day.

Anonymous 3 - no you won't be feeling any improvement and not for a long time to come. Todays news of an improvement in growth is just the first chink of light in a long road ahead for a very sick patient. The restoration of AAA finacial status for the UK is the second chink and I congratulate the goverment in achieving this milestone. By being recognised as determined to pay down its debts this goverment may have reduced interest payments marginally for the years ahead.

Be under no illusions about the financial devastation reaped upon the uk under labours stewardship. Technically we are bankrupt and are surviving by borrowing record amounts - around £150B per year. To put that into context thats about the cost of building 6000 academy schools every year. They won't be built in Britain but we will have to pay that cost in interest charges and for many years to come.

So I have little sympathy for people who jump up and down complaining " it isn't fair " when we cut out waste. We have all got to suffer pain - and we must all get on with it.

If life was fair then the previous goverment would be in the dock accused of reckless behavior with the Uk's finances. Instead they are free to smirk in the background like some of these anonymous writers having slipped out of all responsibility and left others to sort out the enormous mess they have created.

Yes it is aboost for the coalition government but the growth had nothing to do with the swingeing cuts announced last week. How can anyone say the present growth was due to the recently announced cuts, Common on be realistic. Let us wait till 2011 onwards and see how the swingeing cuts will affect the growth. The last governments action ia the result of present growth. The last government (or GB) could have been crucified by the coalition, the city etc if the growth has been extremely low or negative.