Chancellor welcomes ‘encouraging’ GDP figures

ODN

Chancellor Rachel Reeves welcomes the latest ONS GDP figures which show the UK economy grew by 0.3% between April and June, describing them as “encouraging numbers”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00Today's numbers show that the economy beat expectations in the second quarter of this year.

00:06We are the fastest growing economy in the G7 for the first half of this year,

00:12with a GDP growth of 0.3% this quarter, and that's after GDP growth of 0.7% the quarter before that.

00:21Look, I recognise there's still more to do, to make sure that people in all parts of the country benefit from that growth.

00:27But since the general election, when I became Chancellor, the economy has grown by 1.2%,

00:33and GDP per capita, so for every person in the country, GDP per capita is up by 0.7%.

00:41So encouraging numbers today, but of course we need to build on that to make sure people in all parts of the country are better off.

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