I. The British economy is no long the worst performing Group of Seven economy.
II. The changes mean that the British economy has gotten nearer to clawing back the 9.7% shrinkage it experienced last year.
III. The biggest driver of Britain's upward revision in the second quarter were household spending.
I- here, the adjective ‘longer’ is correct. The British economy is no longer the worst performing Group of Seven economy. III- here, ‘the biggest driver’ is the subject. So, instead of ‘were’, ‘was’ is correct. The biggest driver of Britain's upward revision in the second quarter was household spending.
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