UK economy grows 0.7%, ONS estimates
The UK economy grew by 0.7% during the third quarter of 2014, the Office for National Statistics (ONS) said today.
Ed Balls: GDP figures show a 'concerning slowdown'
Shadow Chancellor Ed Balls says today's GDP figures show a "concerning slowdown" in the economy.
He also claimed several areas of the economy were performing poorly.
“For all George Osborne's claims that the economy is fixed most people are still not feeling the recovery. Working people are over £1600 a year worse off since 2010 and these figures now show a concerning slowdown in economic growth too.
“Under this government house building is it at its lowest level since the 1920s, business investment is lagging behind our competitors and exports are way off target," Mr Balls added.
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