The UK economy grew by 0.8% in second quarter of 2014, official figures show
The figures, from the Office for National Statistics (ONS), show the economy is now 0.2% ahead of its pre-crisis peak, which was reached in the first quarter of 2008.
The ONS said the economy had grown 3.1% since the second quarter of last year. Chancellor George Osborne said: "Thanks to the hard work of the British people, today we reach a major milestone in our long-term economic plan."
The figures are the first attempt to measure the full range of the UK's economic activity.
The ONS says that although this preliminary estimate has less than half the data it needs to make a full assessment, revisions are "typically small" between the preliminary and third estimates of GDP.
Productivity
The UK's service sector is the only part of the UK economy that has passed its previous 2008 peak, although that accounts for the lion's share - almost 80% - of the entire economy.
Other key sectors, including construction, industrial production and manufacturing, have yet to outstrip levels reached in 2008. The UK economy is forecast to be the fastest growing among the G7 developed nations, according to the International Monetary Fund (IMF).
On Thursday, the IMF predicted the UK would expand by 3.2% this year, up from a previous forecast of 2.8%.
Output per head is not expected to reach its pre-crisis level until 2017, partly because productivity from those in work remains weak, along with the fact the population as a whole has grown.
bbc.com
The ONS said the economy had grown 3.1% since the second quarter of last year. Chancellor George Osborne said: "Thanks to the hard work of the British people, today we reach a major milestone in our long-term economic plan."
The figures are the first attempt to measure the full range of the UK's economic activity.
The ONS says that although this preliminary estimate has less than half the data it needs to make a full assessment, revisions are "typically small" between the preliminary and third estimates of GDP.
Productivity
The UK's service sector is the only part of the UK economy that has passed its previous 2008 peak, although that accounts for the lion's share - almost 80% - of the entire economy.
Other key sectors, including construction, industrial production and manufacturing, have yet to outstrip levels reached in 2008. The UK economy is forecast to be the fastest growing among the G7 developed nations, according to the International Monetary Fund (IMF).
On Thursday, the IMF predicted the UK would expand by 3.2% this year, up from a previous forecast of 2.8%.
Output per head is not expected to reach its pre-crisis level until 2017, partly because productivity from those in work remains weak, along with the fact the population as a whole has grown.
bbc.com
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