The British economy did not fall as far as we thought after the crash

UK growth was weaker than previously believed in 2010, but stronger in the three years that followed, the ONS has said

Cast your mind back to early 2013. The economy's recovery from the deep recession of 2008-09 had stalled for a second time and there was much speculation that Britain was on the brink of a triple-dip recession.

It now turns out that the economy was under no such threat. The latest data revisions from the Office for National Statistics show that growth was weaker than previously thought in 2010, but stronger by an average 0.4 percentage points in each of the next three years. There was no double-dip recession, let alone a third setback.