Official figures have shown that the UK economic growth for the second quarter of the year was unrevised at 0.7%. The figure that was released in July was increased because of a sharp rise in oil and gas production.
On Friday, the Office for National Statistics (ONS) did not change the reading for the three months to June. The figure was higher than the 0.4% growth recorded for the first quarter of the year.
The biggest contribution to trade in four years came from net trade boosting GDP by one percentage point in the second quarter as exports jumped. However, economists believe that this could be temporary because the strength of sterling means that British goods are more expensive abroad.
Business investment is on the rise as it rose 2.9% in comparison with the first three months of 2015. In the first quarter, household spending had a 0.9% rise whereas it only increased by 0.7% recently.
Last year the UK economy expanded by 3% and the Bank of England has forecast a 2.8% growth this year.