By Marcus Leach

Data released by the Office for National Statistics (ONS) shows that the British economy grew by just 0.1% in the three months from April to June.

This is 0.1% short of the estimated growth rate, and will surely only add to the growing speculation that the Bank of England will launch a second round of quantitive easing sooner rather than later.

The ONS also confirmed that output from the service sector grew by 0.2%, compared with the previous estimate of 0.5%. However, industrial output fell by less than previously thought.

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