Reaction to release of latest UK GDP data

Key points

  • The UK economy avoids a triple-dip recession after it grew by 0.3% in the first three months of the year, according to figures released on 25 April.
  • The figure means the economy avoided two consecutive quarters of contraction - the definition of a recession
  • A triple-dip recession has not happened in the UK since records began in the 1950s
  • The UK economy is still smaller than it was before the onset of the financial crisis five years ago
  • Chancellor George Osborne said the figures were an "encouraging sign" but Labour's Ed Balls described them as lacklustre

Live text


  • Will Smale 
  • Alex Kleiderman 

Last updated 21 June 2013

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