Miliband: No cause for complacency but GDP figures are 'good'

Labour leader Ed Miliband said today's GDP figures were "good news" but families were still feeling the effects of recession.

"It's good news that the economy has come out of the double-dip recession that it was in but there is no cause for complacency, because the economy is really only back to where it was a year ago," he said.

"What families are feeling is that their living standards are squeezed, it's still hard for people to find work, and small businesses are really struggling.

"So what I want to see from the Government is now them building on today's figures with a proper long-term plan for a strong and sustained recovery."

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Economy out of recession

The economy grew by 1% between July and September, meaning that the economy is out of its double-dip recession. But there are concerns from economists that the recovery is "fragile."