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Has Britain's Economy Fully Recovered?

Governor of the Bank of England Mark Carney delivers the Bank of England Financial Stability Report to reporters in London on June 26, 2014. (John Stillwell/AFP/Getty Images)
Governor of the Bank of England Mark Carney delivers the Bank of England Financial Stability Report to reporters in London on June 26, 2014. (John Stillwell/AFP/Getty Images)

The United Kingdom’s economy is back to the level it was at in early 2008, before the banking crisis sent it plunging.

It’s good news, of course, but Prime Minister David Cameron’s opponents are taking it with a grain of salt because so much of the growth is based on advances in the service sector. Still, officials say the British economy is actually now growing faster than Germany’s or the U.S.

The BBC’s Andrew Walker talks with Here & Now’s Jeremy Hobson about what the numbers really mean.

Note: Please subscribe to the Here & Now podcast or use the WBUR mobile app to hear this BBC interview.

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