Chancellor: Gross domestic product figures are 'encouraging'

Chancellor Jeremy Hunt says that it's "encouraging" that the UK economy has grown faster than France, Germany, Italy or the USA over the last quarter.
More jobs have been created in the UK since 2010 than in any other European country Mr Hunt said, and that families having a "tough time" would see that the government's decisions are beginning to pay off.
#recession #govenment #economy
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[@Silver-st2zq]

The Party of Recession and Stagnation......................

[@malicant123]

GDP is merely a measure of how much money runs through the economy. Ireland's GDP per capita has gone up for the last ten years, but objectively, the average person is now worse off than they were in the 2008 crash.

[@Vegancommiechristian]

Rising GDP, we are told, is a sign of prosperity. Raise the GDP and all benefit. But if our economies sell a load of tat that is designed to break and be rebought then the GDP rises and only the bourgeois benefit!

[@bereal6590]

Gdp per capita is the important component. Plus an equitable society, not one that just even fits the super wealthy or just wealthy. Hunt is a liar

[@mac7040]

It has been challenging 14 years

[@richardmarsden5610]

Stock markets don't reflect the real economy they just reflect 'investor' money flows.

[@richardmarsden5610]

UK is in a G7 sprint race of cardiac arrests.

[@mattsorrell9386]

I don't think he is well

[@Dungshoveleux]

Unfortunately, real terms calculations tell exactly the opposite. All the pain brought on the rise in energy costs caused by foreign policy i.e. forcing us to buy exepmsive energy by refusing to buy cheap energy.

[@fintamaria2429]

The average person is now Worse off than they were in the 2008, crash …..Selling the Illusion 😢😢😢

[@dvidclapperton]

Absolutely. Most since May 2010 have either had no wave rise or had just a 1% wage rise at best, while even when inflation was less than 2%, things like bus and rail fares havê shot up by significantly more than the rate of inflation, gás and electric bills going through the roof, and the recent soaring inflation has exacerbated things a lot further with everything going up by a lot more still at or a lot more than the headline rate of inflation. And even now as the headline rate of inflation is officially lower than 2%, the vast majority of people are still finding it extremely difficult or even impossible to make ends meet. Inflation is still a lot higher than the 2% headline inflation rate for many products. It's austerity on steroid for many miliions of UK households. It's far from the feelgood factor that the tories are trying to portray.

[@alfching2499]

Difficult decisions is a phrase he loves,it makes life non difficult for him

[@DavidJohnson-dc8lu]

Fake data, look at the Foreign Exchange markets, if remotely turn the GBP wouldn't be only up 5 pips against the dollar. It would be up a good 50 pips, maybe heading for 100 pips by the end of the day.

[@gerhardaigner5108]

Am so happy that things are brilliant in the UK and people are much better off than elsewhere.

[@LayLoow]

Thanks for the sarcasm 🙃

[@maydate86]

IMF says but what do the British people say? Minimum wage housing higher income tax

[@dean7700]

Why isn’t he smirking ??.

[@stequality]

Unfortunately the public are in full support of all the terrible things going on in the country

[@LayLoow]

Not me 😢

[@stephenford2758]

But next year UK will be the slowest growing economy in G7

[@justinlinnane8043]

these clowns have been in power for 14 years !!! does he not realise he was in charge ??? 😂😂

[@Brendan00000]

Fantastic news to hear that the economy is improving! Fingers crossed for a Britain that is Booming!

[@bishimixes9871]

Utter utter gibberish

[@davidbradford8542]

Hunt is very challenged.

[@samsuddohakhondokar7961]

They say inflation is falling faster but we don’t see the price is falling in the shops , so funny

[@dianeirvine7624]

He’s not smirking , - he’ll have to pay capital gains tax on all his properties when he’s out of work

[@jakel8627]

The UK could have been thriving if it had remained in the EU.

[@richardmarsden5610]

Just like France and Italy, eh?

[@capri2673]

Not really. Germany?

[@Britain4775]

We look at current government unfunded state pension and public pension liabilities and call it a ponzi scheme as it is unfunded and like to fall apart or more likely the amount promised may not be delivered. The UK government currently has almost £5 trillion worth of pension liabilities which it will have to pay in the future (£1.2 trillion for public service pensions and £3.84 trillion in respect of the state pension). Most of these are unfunded, meaning that they are largely paid out of annual tax revenues and the bill for them is being passed on to future generations because today’s government is not putting money aside to cover them.

[@bereal6590]

They've not put money aside for anything which is why everything is failing and the rich are richer

[@wolvesview9047]

He's a remainer. why bother. Strength in numbers and time to start going from hotel to hotel. No more. It's not these nasty MPs and heads of state to do as they wish to our country. We pay for our country, not them. I think it's time to start being a "C U next Tuesday" back people.

[@Alan-Bstard]

I think the polls show just how good Jeremy Hunts is doing as chancellor.

[@MartinPHE]

America says your over producing and need to lower output to increase prices and reduce employment.

[@dereksewkumar07]

"Totally f--king mad🙃.. Or-what!💀.. d🤕🇪🇺

[@dvidclapperton]

It's atill an extremely challenging time for the vast majority of the UK population who have sone nothing other than tighten our belts. Officially out of recession, yes, but it's nothing to crow about.

[@maneshipocrates2264]

The difficult decisions Chanellor.

[@Paws4Thought669]

Not if it costs as much to live in Switzerland, but with a quality of life of the backside of the moon

[@markchawner1586]

What a gigantic mistake it has been by Sunak by bringing this hideous individual back ..... Along with Gove and Cameron, he's a complete Nightmare. There were absolutely no Tears shed when he departed first time round, same as the other two mentioned, and it's amusing to hear him mention "Unpopular Decisions" .... Well, there's hardly anyone more unpopular than him ....

[@bereal6590]

He doesn't have a damn clue!

[@alfching2499]

We need to continue to make difficult decisions,for us not him

[@Millennial1993]

Keep printing more money

[@alfching2499]

It was Truss that give this excrement the job and Roland Rat likes hes style so he kept him

[@Silver-st2zq]

Rainbow's and Unicorn's 🌈🦄

[@dawnbenson5754]

I think he had a police escort when I was driving through Eynsham. I thought it was probably some Con politician.

[@varunmehta154]

Wow, this is whole new level of lying to public. Does he know about existence of countries like japan, india, taiwan and their foreign investments over last 10 years?

[@petercarney-gt3me]

this presenter seems to be a tory flag waver

[@Paws4Thought669]

Is the Hunt, or Assad? Never see them in the same room

[@peterkirby2771]

Jeremy Hunt should immediately resign over the Blood scandal , He was in charge of the NHS for years and done nothing

[@TopShaggerStones]

Military aid increases GDP. The numbers lie

[@rayakusu-fosterB]

"THERE'S A CHEMISTRY ⚗ BETWEEN HUNT & BAILEY; IS BAILEY FOR LABOUR' 🙄 HISTORY?" ❤🇬🇧❤

[@dereksewkumar07]

8month 's of this to go - Mad🙃! d🤕🇪🇺

[@joancooley1387]

Ha ha ha ! ! ‘It’s been a challenging time’. He opens his mouth and takes the piss out of millions of our people, Every time. That’s what’s challenging.

[@dvidclapperton]

A chancellor who is only talking to the rich. It hasn't been challengng time at all for the rich, just that they had a bit less disposable income to splash out than usual during the challenging time for the rest of the population during this never ending cost of living crisis (which it still is) until successive tory pre-election tax cut bribes in the Autumn Statement then the Spring Budget for the rich to go on a spending spree, while the rest of us are still tightening our belts in the latest round of austerity for all the less well off. Sunak and Hunt can crow about the UK officially coming out of recession after 1 quarter, just that the rest of us don't feel any growth and haven't cone for many years.

[@Rob-uv8bu]

Bs

[@billhowie21]

He taking everyone for fools, But hey ho.

[@deano_bites]

Greed and lies

[@sandropaulo4776]

Charlatan