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UK avoids triple-dip recession

A triple-dip recession has been averted as the economy grew by 0.3% in the first three months of the year, according to preliminary estimates. The Chancellor George Osborne has said it is "an encouraging sign the economy is healing".

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Ed Balls: 'Lacklustre' figures show economy still flat

The shadow Chancellor Ed Balls has called today's GDP figures "lacklustre" and accused the Prime Minister and George Osborne of delivering the "slowest recovery for over 100 years".

They [the government] took an economy that was starting to grow strongly, with falling unemployment and a falling deficit, and delivered stagnation, rising unemployment and £245 billion more borrowing than planned ...

If we’re to have a strong and sustained recovery, and catch up all the ground we have lost over the last few years ...

We need radical bank reform and a jobs and growth plan, including building thousands of affordable homes and a compulsory jobs guarantee for the long term unemployed.

– Ed Balls, Shadow Chancellor

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