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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:


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."

George Osborne: 'Good news that economy is growing'

The Chancellor George Osborne has insisted that it's good news that the economy is growing, even though the latest figures are half as strong as at the end of 2014.

ITV News Economics Editor Richard Edgar spoke to George Osborne this morning:

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