Rachel Reeves says news that the economy grew by 0.1% in November is "welcome, albeit modestly". The chancellor adds the latest Office for National Statistics figures show "we need to go further and faster in delivering growth to make people in Britain better off". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Category
🗞
NewsTranscript
00:00Well, it's welcome that the economy is growing, albeit modestly, and today's numbers just
00:06strengthen my resolve that we need to go further and faster in delivering growth to make people
00:12in Britain better off. The truth is, the British economy has barely grown for the last 14 years
00:18and that's why we had a cost of living crisis and why British people are worse off. This
00:25new government has come in with a determination, a number one mission to grow the economy.
00:30That takes time, but it's why this week the Prime Minister announced the AI Action Plan
00:36to take advantage of the huge opportunities of new technology. It's why yesterday we announced
00:41investment in housing and infrastructure, foreign direct investment in Bristol. It's
00:45why today the Business Secretary is announcing inward investment in the car manufacturing
00:50sector in Sunderland. And it's why I announced a deal this week to help British business
00:58export more to China, the second biggest economy in the world. We need to do more to grow our
01:03economy to make British people better off. The most important thing to grow the economy
01:09is returning stability to the economy. When I became Chancellor, there was a £22 billion
01:14black hole in the public finances. We couldn't carry on like that because that is the road
01:19to ruin. We saw that under the last Conservative government. When they play fast and loose
01:25with the public finances, it is ordinary working people that pay the price. So I've drawn a
01:30line under that instability and ensured that the sums now add up. Combined with investment
01:37and reform, I'm determined and I'm confident that we can grow our economy and make people
01:42better off.