The UK economy shows signs of recovery as GDP rises, indicating a potential exit from recession. Chancellor Jeremy Hunt anticipates interest rate cuts to boost voter morale, delaying a general election until fall. Despite strong growth prospects, inflation data poses a challenge.
Chancellor Jeremy Hunt is hoping UK voters will have the "feel-good" factor by the autumn. One key element would be Bank of England interest rate cuts. There's just one problem - the inflation data isn't playing ball. https://t.co/vQU6oGnESU
Hunt expects interest rates to be falling by the autumn, which will help deliver a "feel-good factor" for households. High inflation is well and truly behind us, he told @kaileyleinz. Story by @Joe_Mayes https://t.co/eFO8e5yY1M
UK Chancellor of the Exchequer Jeremy Hunt said the prospect of interest rate cuts later this year would lift the mood of voters, hinting that Prime Minister Rishi Sunak won’t call a general election until the fall https://t.co/WrtnqWKtEc
UK'S CHANCELLOR HUNT: THE UK HAS VERY STRONG GROWTH PROSPECTS.
UK'S CHANCELLOR HUNT: THE PERIOD OF HIGH INFLATION IS “WELL AND TRULY BEHIND US".
“If economic growth had continued on its 1955-2008 trend, GDP per head in the UK would now be 39 per cent higher than it is.” https://t.co/9CfXWjtV8w
#UK #economy grows in February, shows signs of exiting #recession https://t.co/FtexgUPvst
GDP: Economy grew in February increasing hopes UK is out of recession https://t.co/Ggc10Sf4dk
UK takes another step on path out of recession as GDP rises https://t.co/WU4NMtHw1H