New figures reveal an even stronger economy

New official figures show that the British economy has grown more strongly than previously thought since 2010.

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The figures, from the Office for National Statistics, show that Gross National Product has grown by 8% since the General Election, higher than last month’s estimate of 7%. They reveal that GDP actually recovered to its pre-recession peak last autumn, and is now 2.7% above it.

The UK’s economy has grown by 3.2% in the last year – more than any other country in the G7.

Duncan said:

“When the Liberal Democrats took the decision to form a Coalition Government in 2010, we had the slowest-growing economy in the G7 and more than 1,500 people here in the Chippenham constituency were out of work and claiming Jobseeker’s Allowance.

“In Government, we have made big investments in manufacturing, green energy, railways and roads, and I’m glad that they’ve helped turned our economy around.

“We now have the fastest-growing economy in the G7, and the Lib Dems have helped businesses create 2 million new jobs and 1.8 million apprenticeships. As a result, the number of local Jobseekers has almost halved.”

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  • published this page in News 2014-10-05 10:00:56 +0100