0% GDP development reveals there’s ‘no room for complacency’, says Chancellor Jeremy Hunt
The chancellor has informed Sky News there's "no room for complacency" in tackling the UK's financial issues after official figures revealed no GDP development in February.But Jeremy Hunt mentioned that whereas inflation was too excessive and development too low, he was assured that his price range plans unveiled final month would assist flip issues round.
His feedback got here after the Office for National Statistics (ONS) reported the UK's Gross Domestic Product - the overall worth of all good and providers produced within the nation - flatlined at 0% in February.This was worse than the 0.1% development predicted by economists in a ballot for Reuters.The figures observe a rebound of 0.3% development in January and the affirmation the UK economic system averted recession wit...