Phew! Britain avoids triple-dip recession by a whisker as economy grows by 0.3%… and Osborne claims economy is ‘healing at last’

  • 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

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