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Osborne: UK continues to outperform major economies

Chancellor George Osborne has said the UK continues to outperform other major economies as figures showed the economy grew by 0.5% between July and September.

The figure is down from 0.7% in the second quarter.


Weak growth figures as Tories focus on economy

In the week that the Conservatives focused their campaign on the economy, the Office for National Statistics released disappointing growth figures.

The UK grew by 0.3% during the first quarter of 2015, half the 0.6% rate seen in the final quarter of 2014 and the weakest quarterly growth since the end of 2012.

David Cameron said it was a "timely reminder that we cannot take recovery for granted".

ITV News' James Mates reports:

Sturgeon: GDP data show need for austerity alternative

Nicola Sturgeon has said that today's slow economic growth figures " highlight the need for an alternative to austerity".

Ms Sturgeon called for "modest spending increases" and "investment in actions to get our economy growing faster, to get more people into jobs and to raise our revenues".

Nigel Farage: 'Not many people feel benefit of growth'

UKIP leader Nigel Farage has said that today's slow economic growth figures "will be very disappointing for the government".

He said: "Their whole general election pitch is that there's growth in the economy... I've felt for too long that actually not many people are feeling the benefits."


Danny Alexander: We need to do more for economy

Liberal Democrats Treasury Secretary Danny Alexander insisted the economy was continuing to make progress but that more needed to be done.

"The British economy is recovering well, but these figures remind us that there is still work to do to secure the recovery," he said.

Ed Balls: 'Stats show Tories haven't fixed the economy'

Responding to today's disappointing economic figures, the shadow Chancellor Ed Balls said that the Conservatives "have not fixed the economy for working families".

He said: “Tory economic policy may be helping a few at the top but for most people bills have gone up faster than wages, which are down £1600 a year since 2010.

The shadow Chancellor hit out at today's weak figures Credit: Tom White / PA Wire

"The Tories just don’t understand that Britain only succeeds when working people succeed."

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