Britain’s economy recorded growth of 0.0% in February as a wave of public sector strikes weighed on activity, offsetting a recovery in consumer spending despite the cost of living crisis.
No great right?
Not if you are Jeremy Hunt our chancellor, wether you like it or not he is.
He reacted to new figures showing no growth in the UK but he looked on the bright side alright.
He told Radio 4, he said: “The economic outlook is looking brighter than expected – GDP grew in three months to February and we are set to avoid recession thanks to the steps we have taken through a massive package of cost of living support for families and radical reforms to boost the jobs market and business investment.”
And in the three months to February the UK’s GDP grew by just 0.1 per cent meaning we just dodged a recession.
Also Britain will still be the worst-performing large economy in the world this year, even after a significant upgrade in its forecasts, according to the International Monetary Fund (IMF).