UK Economy Grows Faster Than First Thought

UK Economy Grows Faster Than First Thought

A boost in the construction sector has contributed to better than expected growth in the UK economy in the second quarter of 2010.

The Office for National Statistics (ONS) has revised its previous estimate of 1.1% growth to 1.2%.

Construction output grew 8.5% in the second quarter, which was up from the previous estimate of 6.6%

One sector that experienced a fall was air travel, which fell by 11%. This though is partly due to the effect of the Icelandic volcanic ash in April.

A spokesman for the Treasury said: “While the government is cautiously optimistic about the path for the economy, the job is not done yet.”

Ricky Steedman

Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.

His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.

Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.

Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.