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UK finance minister Hunt: Good news the economy is growing

Published by Uma Rajagopal

Posted on May 12, 2023

1 min read

· Last updated: February 1, 2026

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UK finance minister Jeremy Hunt discusses economic growth - Global Banking & Finance Review
Chancellor of the Exchequer Jeremy Hunt stands outside Downing Street in London, discussing the UK's 0.1% GDP growth and the government's focus on competitive taxes and productivity.
GDP UK economy economic growth financial management Government funding
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UK finance minister Hunt: Good news the economy is growing LONDON (Reuters) – Britain’s finance minister Jeremy Hunt on Friday welcomed the latest GDP data which showed the economy had grown by 0.1% in the first three months of this year. “It’s good news that the economy is growing but to reach the government’s growth […]

UK finance minister Hunt: Good news the economy is growing

LONDON (Reuters) – Britain’s finance minister Jeremy Hunt on Friday welcomed the latest GDP data which showed the economy had grown by 0.1% in the first three months of this year.

“It’s good news that the economy is growing but to reach the government’s growth priority we need to stay focused on competitive taxes, labour supply and productivity,” Hunt said in a statement.

(Reporting by Farouq Suleiman, editing by William James)

Frequently Asked Questions

What is economic growth?
Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured by GDP growth.
What is competitive tax?
Competitive tax refers to tax rates that are designed to attract businesses and investment by being lower than those in other jurisdictions, fostering economic growth.

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