UK GDP figures: As it happened - news and reaction

Key Points

• The UK economy grew by 1.0% between July and September, more than economists had expected
• Prime Minister David Cameron said the economy was "on the right track"
• Shadow chancellor Ed Balls said the economy was "flatlining" and only back to the same size it was a year ago
• The economy got a one-off boost from ticket sales for the Olympic and Paralympic Games
• GDP, or gross domestic product, is the sum of all goods and services produced in the economy