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mpc: 12 The Quarterly National Accounts had contained fewer and smaller substantive revisions than normal at this time of year, as the full reconciliation and updating exercise had been postponed for a year, given other priorities at the Office for National Statistics. There had been some upward revisions to the level of GDP, although Q1 growth was unchanged at 0.7%. The four-quarter growth rate for GDP had been revised up a little to 3.0% and for private sector output to 3.7%. The composition of growth had been little changed.