Top Stories
UK finance minister Hunt: Good news the economy is growing
Global Banking and Finance Review
Company
LONDON (Reuters) – Britain’s finance minister Jeremy Hunt on Friday welcomed the latest GDP data which showed the economy had grown by 0.1% in the first three months of this year.
LONDON (Reuters) – Britain’s finance minister Jeremy Hunt on Friday welcomed the latest GDP data which showed the economy had grown by 0.1% in the first three months of this year.
“It’s good news that the economy is growing but to reach the government’s growth priority we need to stay focused on competitive taxes, labour supply and productivity,” Hunt said in a statement.
(Reporting by Farouq Suleiman, editing by William James)
Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured by GDP growth.
Competitive tax refers to tax rates that are designed to attract businesses and investment by being lower than those in other jurisdictions, fostering economic growth.
Explore more articles in the Top Stories category
