The UK remains the only developed country yet to emerge from recession, despite new figures showing the economy is in slightly better shape than previously thought.
The UK economy fared better during the spring months than previously thought, thanks to better-than-expected output from the manufacturing, energy and motor sectors.
Economists have rubbished claims of a recovery anytime soon, after new figures reveal the UK economy suffered its biggest contraction since 1958 in the first quarter of 2009.
The UK’s economy may be stabilising but people shouldn’t expect a recovery until the beginning of next year, the country’s leading business organisation has claimed.
