UK debt truck
A truck illuminated with the amount of Britain's debt passes the Houses of Parliament as Chancellor of the Exchequor George Osborne presented his budget in London June 22, 2010. Reuters

The UK recorded a quarterly growth of 0.8 percent in the third quarter of 2013, unrevised from a preliminary estimate from Oct. 25, official data released on Wednesday showed. The figure was in line with expectations and higher than a 0.7 percent quarterly rise in the June quarter.

On a yearly basis, gross domestic product, or GDP, grew 1.5 percent in the third quarter, unchanged from a previous estimate and same as in the previous quarter.

This year's third quarter saw the UK growing at its fastest pace over the last three years, but the growth continues to stay below pre-recession levels, amid a fall in real income, a credit crunch and a dull recovery in the euro zone, all of which are hurting the UK’s growth momentum.

United kingdom