GDP: Government plans for investment can deliver better jobs and stronger growth – TUC

Commenting on today’s GDP data, which show that GDP growth was flat in July 2024 and only 0.5% in the three months to July, TUC General Secretary Paul Nowak said:

“The new government has recognised the scale of the challenge our economy faces after years of poor performance and chaotic crises under the Conservatives. After another month without growth our recovery remains fragile.  

“We remain firmly well below our potential – in the last 12 months, growth was only 1.1% . 

“This government has rightly promised significant investment to revitalise UK industry and to start to address the Tories’ manufacturing decline.  

“This will help create strong growth that delivers good jobs and improves pay. Now is the time for an ambitious industrial strategy that drives our economy forward again.”