\n\tDare we hope?<\/p>\n
\n\tIn the third quarter of 2013 the UK’s Gross Domestic Product (GDP) grew by 0.8%. Don’t be dismayed by the small percentage. The key is it’s a positive number and the best growth indicator published since 2010.<\/p>\n
\n\tHidden within this increase are some pleasant surprises:<\/p>\n
\n\t• A 2.5% surge in construction activity, bolstered in part by the Governments Help to Buy initiative.
\n\t• Production grew by 0.5%
\n\t• Manufacturing by 0.9%
\n\t• The UK’s manufacturing activity was the highest in the G7 group in September<\/p>\n
\n\tOverall, in the last year Britain’s economy has grown by 1.9%.<\/p>\n
\n\tPoliticians will no doubt interpret these results in different ways. The Government will likely consider these results a vindication of their economic policy. A Treasury spokesperson said has already commented:<\/p>\n
\n\t“Today’s GDP figures show that Britain’s hard work is paying off and the country is on the path to prosperity.<\/p>\n
\n\tMany risks remain, but thanks to our economic plan the recovery now has real momentum.<\/p>\n
\n\tAll parts of the economy are growing, the deficit is falling and jobs are being created – and that’s the only sustainable way to raise living standards for hardworking families.”<\/p>\n
\n\tNo doubt the opposition parties would stress that whilst “All parts of the economy [may be] growing” wealth and living standards are rising fastest in London and the South-East.<\/p>\n
\n\tNever-the-less the news has to be welcome. It is time to talk-up economic activity and start to see that we may indeed be over the worst.<\/p>\n
\n\tDare we hope? Yes, why not…<\/p>\n","protected":false},"excerpt":{"rendered":"
Dare we hope? In the third quarter of 2013 the UK’s Gross Domestic Product (GDP) grew by 0.8%. Don’t be dismayed by the small percentage. The key is it’s a positive number and the best growth indicator published since 2010. Hidden within this increase are some pleasant surprises: • A 2.5% surge in construction activity, bolstered […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-2222","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=2222"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/2222\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=2222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=2222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=2222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}