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UK economy grows 0.7%, ONS estimates

The UK economy grew by 0.7% during the third quarter of 2014, the Office for National Statistics (ONS) said today.

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George Osborne: 'Critical' time for the UK economy

Chancellor George Osborne says the UK is at a "critical moment", with the economy facing the dual threat of a slowing eurozone and instability in global markets.

He claimed failing to follow through with the Government's economic policies would see a return to the "chaos and instability of the past".

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