Chancellor commends a ‘resilient’ British economy
Chancellor of the Exchequer Jeremy Hunt says the economy has “grown”, and that we will “win that battle against inflation”. He applauds a “much more resilient” British economy “than people predicted”.
Report by Rowlandi. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Report by Rowlandi. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Transcript
00:00 A year ago the Office for Budget Responsibility said that in the first part of this year the
00:04 economy would shrink by more than 1%.
00:08 In fact it's grown.
00:09 The British economy is much more resilient than many people predicted.
00:14 Of course there's an impact as we bring down inflation.
00:17 As we start to win that battle against inflation we will be taking measures to unlock the long-term
00:23 potential of the economy with measures to help people get back to work, to reform the
00:27 planning system to support our manufacturers.
00:30 And when we do that in the next couple of weeks you will see an autumn statement for