UK economy grew 0.9% in second quarter, says ONS

UK economic growth has been revised up to 0.9% for the second quarter of the year by the Office for National Statistics (ONS), compared with a previous estimate of 0.8%. UK GDP was 3.2% higher in the second quarter compared with a year earlier.

Banks to be forced to increase competition in SME lending

Britain's biggest banks are to be forced to increase competition in the SME loans market in a bid to ensure further growth in a key part of the economy.

UK economic growth boosted by business investment

UK economic growth in the first quarter was helped by the fastest expansion in business investment in two years, official figures have shown.