By Jonathan Davies

The UK economy grew by an annul rate of 3.2% in the second quarter, according to the Office for National Statistics (ONS).

The ONS raised it's earlier estimate of 3.1%, confirming the largest annual growth since 2007.

In July, the statistics agency said the UK economy grew by 0.8% in the April to June quarter, compared with the previous quarter.

That estimate remained unchanged, but the slight increase in the annual growth rate confirms that the UK economy experienced its strongest since the end of 2007, and surpassed its 2008 peak.

The UK's services sector provided a welcome boost to an already upbeat economic recovery. In June alone, it grew by 0.3% with an annual growth of 3.6% - it's highest in six years.

The services sector accounts for almost 80% of the UK's entire economic activity, and contributed 1% to overall GDP in the second quarter.

However in stark contrast to the flourishing services sector, manufacturing is still lagging 7.5% behind its pre-recession peak.

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