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Chancellor George Osborne told ITV News that the UK is on the "path to prosperity" after figures released today showed that the economy grew by 0.8% between July and September.
"Of course, we're emerging from a very difficult recession which hit some parts of the country particularly hard but what I see happening around me is businesses growing, jobs being created.
"That enables us to, where we can, help people with lower taxes and help people with income tax across the whole of the country".
Chancellor George Osborne told ITV News the economic "recovery is gaining momentum" but admitted there is "more to be done".
In an interview with ITV News' Economics Editor Richard Edgar, Mr Osborne said: "Lots of work remains but I think there's real momentum, of course we are emerging from a really difficult recession which hit some parts of the country very hard...I'm the first to say that there's more to be done.
"The recovery is in the early stages but the numbers we have today show that the recovery is gaining momentum.
"If Britain is growing then the finances of Britain's families will start to grow."
The UK economy grew at its fastest pace for three years in the third quarter as GDP rose by 0.8%.
Here is a closer look at today's figures:
- It was the third successive period of improving output.
- The 0.8% GDP rise is the best performance since the second quarter of 2010.
- The figures saw all sectors of the economy grow, including a 2.5% surge in construction - a sector bolstered by the Help to Buy initiative.
- Overall GDP was 1.5% ahead of the same period last year.
- However, the economy remains 2.5% off its pre-recession peak at the start of 2008 and construction remains 12.5% of its pre-crisis peak.
- Production grew by 0.5% and manufacturing by 0.9%.
Graphs showing Britain's economic outlook have been released by the Treasury.
A Treasury spokesperson said the economic recovery "now has real momentum".
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