Home > UK finance minister says economy to grow 0.6% this year, 0.7% next year

News
UK finance minister says economy to grow 0.6% this year, 0.7% next year

Description

Britain's economy will rebound this year and not shrink as initially thought, but will grow far less than expected next year, finance minister Jeremy Hunt says as he presents his Autumn Statement to parliament. Gross domestic product will expand 0.6 percent in 2023, Hunt said citing the Office for Budget Responsibility fiscal watchdog, upgrading its prior forecast of minus 0.2 percent. GDP is then set to grow by 0.7 percent in 2024, which was sharply down from previous guidance for a 1.8-percent expansion. SOUNDBITE

Added on the 22/11/2023 14:27:21 - Copyright : AFPTV - First images

To customise your video :

Or Create an account

More videos on the subject

  • UK finance minister poses with 'red box' ahead of budget delivery

    UK Finance Minister Jeremy Hunt poses outside 11 Downing Street with the red, leather-covered box containing his speech before leaving to present the spring budget to parliament. Britain's Conservative government is expected to use the budget update to unveil tax cuts for millions of workers, in an attempt to woo voters before a general election. Prime Minister Rishi Sunak's party, which has been in power since 2010, is well behind the main opposition Labour party in opinion polls and looks likely to be dumped out of office. IMAGES

    06/03/2024 - AFPTV - First images
  • New UK Finance Minister Jeremy Hunt leaves Downing Street

    The newly-appointed British Chancellor of the Exchequer, Jeremy Hunt, leaves 10 Downing Street after his predecessor Kwasi Kwarteng was sacked by UK Prime Minister Liz Truss. IMAGES

    14/10/2022 - AFPTV - First images
  • Expected new UK finance minister Kwasi Kwarteng arrives at Downing Street

    British Business Secretary Kwasi Kwarteng, expected to become the UK's new Chancellor of the Exchequer under Prime Minister Liz Truss, arrives at 10 Downing Street after an official speech by the new British leader. IMAGES

    06/09/2022 - AFPTV - First images
  • UK Finance Minister leaves 11 Downing St to deliver budget

    UK Finance Minister Rishi Sunak departs No. 11 Downing Street to deliver the national budget in Parliament, in which he is expected to extend several schemes to support the economy through the Covid-19 pandemic while making moves to shore up government revenues. IMAGES

    03/03/2021 - AFPTV - First images
  • UK govt to cover 80% of wages of virus-hit workers: finance minister

    Britain's finance minister says the government will help cover the wages of people hit by the coronavirus outbreak by allowing companies to apply for a grant for up to 80 percent of salaries of retained workers, up to a total of £2,500 ($2,900) a month. SOUNDBITE

    20/03/2020 - AFPTV - First images
  • Supporters of Zambian president hold rally ahead of vote

    Supporters of Zambian President Lungu hold a rally in Lusaka during a tense presidential race, which has been marked by clashes between rival supporters. The presidential election will take place on Thursday. IMAGES.

    10/08/2016 - AFPTV - First images

More videosNews

Watch video of  - DemainEntreprendre - épisode 12 - Label : Economie wallonne -
News

DemainEntreprendre - épisode 12

29/04/2021 12:55:32