The economy is growing!

The economy is growing!

Finally, some good news for your Friday: the economy is growing! Just when everyone seems to be revising down expectations of growth, the Office for National Statistics (ONS) estimates that GDP grew by 0.5 per cent in February. It also revised January’s figures upwards to give growth for the last quarter of 0.6 per cent, and annual growth of 1.4 per cent. It looks – for now – that the Reeves recession has been put on hold and that Labour's growth agenda could be working.

That said, Labour cannot afford to celebrate just yet. There is reason to believe the figures could be overstated, and there are some trust issues with the ONS – the government last week announced a review of its ‘performance and culture’. These figures also do not take into account the tumult caused by Trump's tariffs. So what can we read into them? Will Trump undo Labour's progress?

Lucy Dunn speaks to Michael Simmons and Katy Balls.

Produced by Oscar Edmondson.

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Episoder(3338)

Nick Clegg: my biggest coalition regrets

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How Reform and the Tories plan to fight Andy Burnham

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In the magazine this week, James Heale writes that Kemi Badenoch was in an upbeat mood when she addressed her troops last week. ‘This time last year,’ she told the 1922 Committee, ‘people said Jenrick...

24 Jul 0s

Andy’s promises – who’s paying?

Andy’s promises – who’s paying?

It is day three of Andy Burnham’s premiership, and we have had a tranche of policy announcements and funding commitments. A VAT cut for energy bills, £2 bus fares, and today a business rate cut for pu...

23 Jul 0s

Iain Dale: Standing for Parliament was a 'humiliating experience'

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22 Jul 0s

Burnham's northern queens

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Appointment into Andy Burnham's new cabinet went late into the evening: Wes Streeting to defence, plus the comeback queens – Louise Haigh, Lucy Powell and Angela Rayner all into senior posts in govern...

21 Jul 0s

Burnham, Healey, Miliband & Mahmood become the big four

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Andy Burnham has continued to announce his new cabinet: John Healey as Chancellor, Ed Miliband as Foreign Secretary and Shabana Mahmood remains in the Home Office. Now ten of Starmer's most trusted mi...

20 Jul 0s

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20 Jul 0s

Why MPs must be whipped | Simon Hart

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