
Economic growth sped up during the run-up to the Brexit referendum and reports state that the U.K. economy grew by 0.6% in the three months to the end of June 2016.
According to reports, the Office of National Statistics revealed that GDP in the second quarter grew faster than expected up from 0.4% growth in the previous quarter, while on a yearly basis the economy grew by 2.2%.
The data shows that uncertainty ahead of the referendum had a "limited effect," even as the vote itself delivered a huge blow to business and consumer sentiment.
The growth data also beat analysts’ expectations of 0.5%.
Chancellor of the Exchequer Phillip Hammond said that the data was "fundamentally strong," and pledged to "take whatever action is necessary" to maintain consumer and business confidence.
It is clear we enter our negotiations to leave the EU from a position of economic strength, he added.
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