The UK leaves recession – but is it too late for the Tories?
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 10 May 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
Also on the podcast, Keir Starmer gave a speech in Dover this morning on Labour's plans to stop the boats. He also took the opportunity to unveil new Labour MP Natalie Elphicke. Is there any clear blue water between Labour and the Tories when it comes to migration?
Oscar Edmondson speaks to Kate Andrews and James Heale.
Produced by Oscar Edmondson.
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Transcript
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| 0:20.3 | Hello and welcome to Coffey House Shut to The Spectator's Daily Politics Podcast. |
| 0:26.3 | I'm Oserederton and I'm joined by Kate Andrews and James Heel. |
| 0:30.7 | So Britain is no longer in a technical recession. The O&S have announced this morning that |
| 0:35.2 | UK GDP grew by 0.6% in the first quarter of 2024. Kate, can you take us through it? |
| 0:41.8 | It's good news this morning. |
| 0:43.2 | The Office for National Statistics |
| 0:45.0 | has confirmed what we already essentially knew, |
| 0:48.2 | but they have confirmed it that the UK left |
| 0:51.0 | its technical recession in 2003. The UK economy has grown every month in the first |
| 0:57.2 | quarter of the year and March had stronger than expected growth. We had a monthly GDP uptick of null.4 percent. So if you look at |
| 1:05.5 | Q1 as a whole you get no 0.6 percent growth and that's above the consensus |
| 1:09.9 | both for Q1 and for March. It was coming in above the consensus. |
| 1:14.5 | Now, let's not dramatically overstate this either. |
| 1:18.0 | This is coming out of a technical recession, |
| 1:20.1 | so the UK economy had contracted. |
| 1:21.9 | It's coming back. You know know the fact that there was a |
| 1:23.9 | contraction at all is not great news it certainly does show how how shallow that |
... |
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