- Overall figures better than expected easing pressure on George Osborne
- Economy overall grew by 0.3% but construction slumps by 2.5%
- Deputy PM Nick Clegg warns: ‘We’re not out of the woods yet’
- Labour blames coalition for slowest recovery for 100 years
- Government borrowing remains stubbornly high at £120billion
- Tory MPs accuse coalition of being ‘timid’ and ‘complacent’ about growth
- IMF urged Britain to rethink pace of cuts in face of sluggish recovery
Britain has escaped being plunged into an unprecedented triple-dip recession – but only just.
Better than expected figures today revealed the economy grew by 0.3 per cent in the first three months of 2013, easing pressure on George Osborne about the impact of his austerity programme on the recovery.
The Chancellor said: ‘Today’s figures are an encouraging sign the economy is healing. Despite a tough economic backdrop, we are making progress