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UK economic upturn confirmed

Despite concerns that initial figures showing a 0.1% increase in gross domestic product in the final quarter of 2009 would be downgraded, the Office for National Statistics has confirmed the rebound was stronger than initially forecast. The initial figure for the final quarter of 2009 has been revised from 0.1% growth to 0.3% growth which has surprised many analysts. While the figure is still below the initial estimates for the final quarter of 2009 it is a welcome reprieve from the initial disappointing figure.

This will give a massive boost to Gordon Brown and could bring the forthcoming general election to a dramatic conclusion. Gordon Brown has literally gambled everything on an economic recovery in the UK prior to the election and if this increase in economic activity continues into the first and second quarters of 2010 then he could well be on the verge of a historic turnaround. However, before Labour Party voters begin to count their chickens there is still some way to go and over the last few months we have seen some wild variations in economic performance.

After seemingly coasting to an election victory only a few months ago, David Cameron will now have to fight tooth and nail to maintain the support of UK voters.

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