00:00Well, any growth, of course, is welcome. It does come off the back of a pretty weak last quarter in
00:05the last part of last year.
00:06And the ONS have actually suggested that part of the growth that you're seeing in this quarter is a rebound
00:12from depressed spending last quarter
00:14because in the run-up to the last budget, the government were out there speculating on tax, which dampened activity
00:20in the economy.
00:21So I think we should be slightly sceptical about the numbers there.
00:24And we can't get away from the fact that the IMF, of course, have halved their forecast for growth this
00:30year in the economy.
00:31So overall, I think the growth picture is not that strong, although any growth, of course, is welcome.
Comments