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ONS Figures: Will Mark Carney hold his nerve?

Buoyant growth statistics could be the cue for an interest rate rise, but what would that mean for the housing market?

By Jay Elwes  

Gross Domestic Product is up again, according to the Office for National Statistics. Economic output in the UK has increased for five consecutive quarters which, says the ONS, is “the longest period of continuous growth since the downturn.” Britain’s economy is now 0.6 per cent below its pre-Lehman Brothers peak. Growth is 3.1 per cent higher now than it was at the beginning of last year.

This is good news for the government. The Labour party is finding it harder to put a negative spin on what looks to be an upward economic trajectory. In a statement, Ed Balls, the…

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