By Marcus Leach

Data released by the Office for National Statistics (ONS) on Friday showed that the UK economy grew by 0.2% for the second quarter of 2011.

Growth in that period was hampered by a collection of 'one-off' events, including the Royal Wedding and the Japanese earthquake and tsunami which had a knock on effect to the importing of car parts.

Whilst services output also grew, by 0.5%, industrial output was down 1.6% and in comparison to 2010 the economy expanded by 0.7%.

According to the ONS had it not been for the one-off events the estimated growth could have reached 0.7%.

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