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"I can report the British economy is today growing faster than all the other G7 economies – growth stronger this year than the euro area, stronger than Japan and stronger even than America."
"I can report the British economy is today growing faster than all the other G7 economies – growth stronger this year than the euro area, stronger than Japan and stronger even than America."
"I can report the British economy is today growing faster than all the other G7 economies – growth stronger this year than the euro area, stronger than Japan and stronger even than America."
This quote from the article explains why.
Of all the G7 nations, Britain was the most dependent on financial services and debt-fuelled consumption for its growth. That lack of balance in the economy now appears to be holding back recovery
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