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It’s official: the UK grew faster than any other major, advanced economy in 2014
27/01/2015 15:15:00

 
 

This morning, the Office for National Statistics published data for the UK’s Gross Domestic Product - in simple terms, the size of our economy - for the fourth quarter of 2014. It showed that the economy grew by 0.5% in the last three months of the year and by 2.6% during the year as a whole.

This means the UK economy grew quicker in 2014 than any of the other major advanced economies in what is known as the G7 - faster than France or Germany, faster than Japan, faster than the United States of America.

But is this just a dry statistic? What does it mean for families in Croydon Central. This short video answers those questions.

Comment on this blog

 

Readers' Comments

On 28/01/2015 17:45:00 Paul Ogier wrote:
and your blog and accompanying chart of the 26/7/2014 - "A very significant moment" gave a growth of 3.2% for the UK AND 2.8% for 2015.

Any comments now about

the 2.6% actual growth for 2014 and lower (at 3.2%) according to your chart of 26/7/2014,

AND lower than the 2015 prediction at 2.8% for 2015 and considerably lower than the US and Canada?

 
On 30/01/2015 23:12:00 Jim wrote:
We'd grow even faster if we got out of the EU!
 
 

 

 

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Gavin Barwell, House of Commons, SW1A 1AA, Tel  020 8660 0491      © Gavin Barwell  2017       Promoted by Ian Parker on behalf of Gavin Barwell, both at 36 Brighton Road, Purley, CR8 2LG