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Economy: Growth

House of Lords written question – answered on 9th February 2011.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask Her Majesty's Government what is their response to the recent economic growth figures.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

In preparing its preliminary estimate for Gross Domestic Product (GDP) the Office for National Statistics (ONS) made it very clear that the fall in GDP was driven by the extreme weather in December, and estimates that without this disruption output would have been flat in the fourth quarter.

Returning the UK to sustainable economic growth is the Government's overriding priority. Independent forecasts from the Office for Budget Responsibility and other external bodies are for a sustained economic recovery in the UK through 2011 and beyond.

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