UK Economy: Jeremy Hunt warns UK is 'not out of the woods'

The UK economy grew by 0% in the past three months according to the latest figures from the Office for National Statistics (ONS), meaning that a recession had been narrowly avoided in the second half of last year.

Chancellor Jeremy Hunt has said despite the figures, the UK is "not out of the woods" yet.

He added: "The fact the UK was the fastest growing economy in the G7 last year, as well as avoiding a recession, shows our economy is more resilient than many feared. However, we are not out of the woods yet, particularly when it comes to inflation.

"If we stick to our plan to halve inflation this year, we can be confident of having amongst the best prospects for growth of anywhere in Europe."

Read more here: https://bit.ly/3Ym9xn6
See more business stories: https://news.sky.com/business

#economy #jeremyhunt #government #conservative #rishisunak

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews

Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps:
Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog

Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales