Hammond says GDP data shows UK has a successful and resilient economy

UK finance minister speaking after today’s Q3 GDP data 25 OctI’ll have a pint of whatever he’s drinking.

  • now need to focus on productivity

Ah, the reality check.

«We have a successful and resilient economy which is supporting a record number of people in employment. My focus now, and going into the Budget, is on boosting productivity so that we can deliver higher-wage jobs and a better standard of living for people across the country.

«That is why I am visiting the Francis Crick Institute, where they are using cutting-edge research to generate real-life health improvements. The UK has world-leading expertise in life sciences — an industry that employs hundreds of thousands of people — and it is through supporting growth in these cutting-edge industries that we will build a competitive economy that works for everyone.»

The Budget will speech will be delivered on 22 Nov, so put it in your diaries.

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