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David Cameron: 'We can't take recovery for granted'

The Prime Minister has said that today's just-released GDP figures show that "our economy is still growing" and that "we can't take the recovery for granted".

Mr Cameron was responding to figures showing slower economic growth in the first quarter of 2015 than in the last three months of 2014.

'Stick to the plan' says Osborne after slow growth stats

After the ONS released slower-than-expected figures on Britain's economic growth, George Osborne has insisted that the "future of the economy is on the ballot paper".

Figures show that the economy grew by 0.3% in the first quarter of 2015 - half as much as the 0.6% it grew between October and December 2014

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New UK GDP figures expected to show weaker growth

Official figures released today are expected to show that the UK economy's growth slowed down in the first three months of 2015.

GDP rose by 0.6% in the last quarter of 2014, but economists say they expect the figure to be around 0.5% between January and March this year.

Some experts blame this on the global fall in oil prices, while construction has shrunk and exports are also down.

There are nine days to go until the general election Credit: Chris Radburn/PA Wire

Clegg: Lib Dems were vital to economic recovery

Deputy Prime Minister Nick Clegg said the economic recovery "wouldn't have happened" without the Liberal Democrats being part of the government.

Speaking to ITV News' political correspondent Carl Dinnen, the Liberal Democrat leader said: "You can't create an economic recovery without having a stable government.

"The Conservatives wouldn't have been able to do it without the Liberal Democrats, the Liberal Democrats wouldn't have been able to do it without the Conservatives."

69% of Brits don't feel better off in growing economy

Two thirds of British adults say that despite the economy growing they don’t feel better off, an Comres poll exclusive for ITV News has found.

While George Osborne has hailed GDP's return to pre-crisis figures as a "milestone", 69% of people interviewed said they do not feel wealthier - while one in four (24%) said they currently spend more than they earn each month.

The Comres results suggest a majority of Britons are not feeling the financial benefit of a growing economy. Credit: Owen Humphreys/PA Wire

Although only 35% of Britons said their personal finances are getting worse (the joint lowest since 2010), only 14% said they are getting better. Instead, most said they are about the same (52%).

A majority of the 2,035 Britons interviewed (55%) also agreed the improving economy is only benefitting the rich, while three in five (62%) think the gap between rich and poor has got worse over the past three months.

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Chancellor: Recovery under way but not complete

Chancellor George Osborne said GDP figures on growth show that his economic recovery plan is working, but not complete and that he wanted people from all parts of the country to feel the impact of the recovery.

Speaking to Economics Editor Joel Hills from Newcastle he blamed the previous government for the three year delay in a return to growth figures, saying it takes time to work through problems caused when governments "get economic policy wrong".

Labour: No time for complacent claims economy is fixed

Labour's shadow chancellor Ed Balls said today's GDP figures are no time for "complacent" claims that the economy is fixed, as the majority of people were not feeling the recovery due to wage stagnation, a lack of housebuilding and a lack of business investment.

Labour's Ed Balls. Credit: PA

At long last our economy is back to the size it was before the global banking crisis – three years after the US reached the same point.

But with GDP per head not set to recover for three more years and most people still seeing their living standards squeezed this is no time for complacent claims that the economy is fixed.

Wages after inflation are down over £1,600 a year since 2010, housebuilding under this government is at its lowest level since the 1920s and business investment is lagging behind our competitors.

– Ed Balls, Labour's Shadow Chancellor
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