Chancellor 'still not satisfied' as UK economy sees modest growth for final months of 2024

Transcript

00:00The growth numbers have come in higher than many expected, but I'm still not satisfied

00:05with the level of growth that our economy is achieving, and that's why I am determined

00:10to go further and faster in delivering the economic growth and the improvements in living

00:15standards that our country deserves.

00:17It's not possible to turn around more than a decade's of poor economic performance in

00:24just a few months, but we are doing what is necessary to bring stability back to the economy,

00:29reforming the economy, the planning system, regulation and pensions, to encourage investment

00:34in our economy, which is the lifeblood of a successful economy.

00:39We need to go further and faster in doing that, to turn around our poor growth performance

00:44and to make working people better off.

00:46The Office of Budget Responsibility will publish their updated forecast on March 26th, and

00:51I will respond to it then.

00:53I have been clear that the fiscal rules are non-negotiable, and that's because stability

00:58is absolutely essential for returning growth to our economy.

01:02We've seen three cuts in interest rates since this government took office in July.

01:07That's only possible because of the stability that this government have returned to the

01:10economy.