Economic growth requires urgent action

The IEA responds to the latest growth figures

Responding to the latest growth figures, Mark Littlewood, Director General at the Institute of Economic Affairs, said:

“Getting the economy growing again requires serious action. The government does not seem to have grasped the need for urgency. It must get to grips with the underlying problems the UK economy is facing – suffocating bureaucracy, ballooning debt, as well as high and complex taxes.

“Today’s growth figures are further evidence that tweaking round the edges will not go far enough in addressing the systemic issues hampering growth. Of course the context is difficult with rising commodity prices and the Eurozone in crisis, but there is still more Britain can and should be doing.”

 

Notes to editors

To arrange an interview, please contact Ruth Porter, Communications Director, rporter@iea.org.uk or 077 5171 7781.

The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The IEA is a registered educational charity and independent of all political parties.

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