UPDATE: UK Growth Surprise & UBS Exits Backstop Deal

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The UK economy delivers its strongest quarterly growth in more than a year. (2) UBS ends its $10bn Credit Suisse loss protection agreement with the Swiss government. (3) US inflation data leads the Fed's rate setters to favour another hold. (4) 35,000 tiny Chinese hedge funds could close under new regulations. See omnystudio.com/listener for privacy information.