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A very different industry has emerged from the downturn

It has been six years coming, but the UK economy has finally surpassed its pre-recession peak. That it is the last of the G8 to do so bar Italy, which is still 9% below its 2008 maximum and headed into its third recession, illustrates how protracted the recovery has been; nevertheless, for the past year our economic future has been looking progressively brighter.

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