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Britain's GDP surpasses pre-recession peakBritain has reached the “symbolic milestone” of clawing back all the losses it suffered during the Great Recession, a leading think-tank said on Tuesday, while strong manufacturing figures added to evidence that the recovery is broadening out.

The National Institute of Economic and Social Research (NIESR) said the UK economy grew by 0.9pc cent in the three months to May, following growth of 1.1pc in the quarter to April. By this estimate, the level of UK gross domestic product (GDP) is approximately 0.2pc above its previous high-point in January 2008.