GDP Figures revised upwards
The UK’s GDP has been significantly revised up by the Office for National Statistics - growth since 2010 is now estimated to have been 1 percentage point higher than previously thought, showing that our long-term plan is building a stronger and healthier economy.
This encouraging news is further evidence that our long-term economic plan to secure a healthy economy is working. That means more jobs and greater security and peace of mind for hardworking British taxpayers.
The GDP figure revisions shows that since 2010 this country has grown faster than France, faster than Germany, and faster than any major economy apart from Canada and the United States of America.
The deficit has been cut by over a third, there are over two million more private sector jobs and 400,000 more businesses.
However, we cannot afford an atom of complacency, because, as the previous post illustrated, the job is not yet done. The Great Recession remains the deepest since records began, and risks to the recovery from Europe and elsewhere remain.
That is why we must continue to work through the long-term economic plan, which is the only way to a better and brighter future for people up and down the country.
This encouraging news is further evidence that our long-term economic plan to secure a healthy economy is working. That means more jobs and greater security and peace of mind for hardworking British taxpayers.
The GDP figure revisions shows that since 2010 this country has grown faster than France, faster than Germany, and faster than any major economy apart from Canada and the United States of America.
The deficit has been cut by over a third, there are over two million more private sector jobs and 400,000 more businesses.
However, we cannot afford an atom of complacency, because, as the previous post illustrated, the job is not yet done. The Great Recession remains the deepest since records began, and risks to the recovery from Europe and elsewhere remain.
That is why we must continue to work through the long-term economic plan, which is the only way to a better and brighter future for people up and down the country.
Comments
Both the Bank of England and the IMF have identified the need to increase productivity in the UK as central to the security of the recovery. It's one of the main reasons for my comment in the post to which you replied, saying that the job is not yet done and we cannot afford complacency.