"Today’s GDP figures show that the fundamentals of the British economy are strong. In the second quarter of this year our economy grew by 0.6% – faster than was expected," the Treasury quoted Chancellor Philip Hammond as saying.
Hammond said the nation saw the strongest quarterly rise in industrial production for nearly twenty years between April and June, when Brits voted to leave the European Union in a historic referendum.
"So it is clear we enter our negotiations to leave the EU from a position of economic strength," Hammond maintained. "Those negotiations will signal the beginning of a period of adjustment, but I am confident we have the tools to manage the challenges ahead."
Britain’s economy grew by 0.4 percent in the first quarter of this year, from January through March, according to Financial Times magazine, and was forecast to average 0.5 percent of GDP growth in the next quarter.