Figures out today from the Office of National Statistics reveal that the UK economy surged forward in the second quarter of this year, exceeding expectations of the City. The growth in GDP ran nearly twice as fast as most predictions, led by a most surprising return to fortune of the construction sector.

The service and manufacturing sectors also enjoyed a stellar performance, allaying fears of a double-dip recession, boosting markets and providing sterling some extra bounce.

There is, of course, concern that the government’s fiscal tightening will not allow this growth to continue at the same rate in the midst of continuing sovereign debt worries.

The continuing value in sterling on the international scale and low earnings multiples currently being struck for business sales in the UK have resulted in a window of opportunity for shrewd acquirers, particularly in beleaguered sectors on the cusp of recovery.

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