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