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What do you make of the latest GDP figures?

Journalist: Jon King, Daily Express Online

ended 10. November 2023

GDP showed no growth in the three months from July to September.

The ONS reported 0.2% growth in the economy for the month of September, amid a boost from film production, health and education industries.

It also revised down growth in August to 0.1%, from 0.2%, and reported a 0.6% decline for July.

The Daily Express website is looking for strong reactions to the latest GDP figures, where responsibility lies for the current state of Britain's economy and how it can be turned around.

4 responses from the Newspage community

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Editor
Riz Malik
Independent Financial Adviser at R3 Wealth
The term ‘no growth’ is unfortunately something we are going to have to get used to hearing over the next couple years. Our economy is in trouble and there is no credible plan to save it, at least from this administration.
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Samuel Mather-Holgate
Independent Financial Adviser at Mather and Murray Financial
After a summer of sheer misery for UK plc, it's good to see some growth in September, however measly. This should not be taken as vindication that Sunak and Hunt's plans for the economy are working, as they will try and say. It couldn't be further from the truth. This rudderless government has no plan to benchmark their success against, and are wandering into the abyss. Sadly, they don't even know it.
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Danielle McKenny
Owner at Gaea's Garden organic skincare
These GDP numbers simply highlight the creative ways that the Government tries to convince the public that it is doing a good job. Nothing to see here, move along. The true measurement of the strength of the economy is the amount of money in the pocket of the average person on the street, not the make-believe numbers given by mega corporations that are twisted and creatively crafted to give the illusion of "prosperity" to the country. True GDP will not grow, other than mathematically through creative accounting tricks, until the people living in the country have real money to spend. That is the only true measurement of the "prosperity" of any country. The fables of "growth" and "economic health" told by governments are ashes on the tongues of those living inside the actual "economy" of a country.
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Rachel Hayward
MD at Ask the Chameleon
No surprise. Rising costs, falling sales, and taxes rising. You don't have to be an economist to see the impact