UK may have avoided recession, but pro-growth agenda still needed

Julian Jessop quoted in The Express and The Independent

IEA Economics Fellow Julian Jessop has been featured in The Daily Express and The Independent’s coverage of November’s GDP data. The figures showed a surprise return to growth in the UK, with the economy expanding by 0.1 per cent.

Quoted in The Express, Julian said:

“The gloomy consensus that the UK is now in the worst recession of any major economy has already started to unravel.

“It is hard to get too excited about the growth of just 0.1 percent in November. But on top of the 0.5 percent rebound in October, this means that the UK probably avoided a second successive quarter of falling output in the final three months of 2022.

“An awful lot more still needs to be done to reboot the economy.

“This should include a coherent package of measures to make work pay and to boost productivity, which is the key to long-term economic growth and higher wages.”

The full Express article can be read here and The Independent’s article here.