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The UK economy has exited its longest recession since records began, with GDP growth of 0.1% in the final quarter of 2009.
Figures from the Office for National Statistics (ONS) revealed the UK saw economic growth following six straight quarters of contraction.
UK GDP is now 6% lower than it was at its peak in early 2008. However, the figures will be revised by the ONS in the coming months as more data becomes available and could be reduced to 0% or less.
Britain is the last G20 country to leave recession, with many European economies seeing economic growth in mid-2009. Output for business services and finance industries is thought to have been flat during the final three months of 2009.
The January/February 2012 issue of Your Mortgage is on sale now. In it we feature expert predictions on what will happen to house prices, interest rates and the wider economy in 2012. We also explain the latest State help for first-time buyers, weigh up the relative merits of offset mortgages, and offer handy hints and tips on making sure you have the right home insurance in place. Plus we have all the regular features and our invaluable mortgage basics section. Get your copy now for the latest news, information and help
The Your Mortgage Awards aim to reward those lenders that have excelled in providing innovative and competitive products. Widely regarded as the UK's definitive consumer mortgage awards, the Your Mortgage Awards have now been running for 21 years.





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