Britain leads G7 on strength of economic recovery

Since the global recession in 2008, the UK has recovered more strongly than the average of other advanced economies
Since the global recession in 2008, the UK has recovered more strongly than the average of other advanced economies
PA

Britain has grown faster than any other leading economy since 2013 after bouncing back from recession far more strongly than had been thought, official figures show.

Following a series of revisions to past data, the Office for National Statistics said Britain is now 5.9 per cent larger than its pre-crisis peak. It was previously estimated to have been just 5.2 per cent bigger.

The revisions revealed that Britain enjoyed the strongest recovery of any G7 leading nation in both 2013 and 2014. On OECD forecasts, the UK is on track to top the G7 again this year, equal with the US. On a per-person basis, the UK is 0.6 per cent larger than ever.

After a slow start in the wake of the financial crisis,