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The UK leaves recession – but is it too late for the Tories?
May 10, 2024
Natalie Elphicke, unveiled by Keir Starmer, discusses UK's exit from recession and economic growth. Keir Starmer's speech on Labour's plans to stop the boats and the comparison between Labour and Tory migration policies are debated. The podcast explores UK economic performance, potential election, and Labour's stance on asylum system reform.
10:13
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Quick takeaways
- The UK's GDP growth of 0.6% in Q1 2024 marks the end of recession, but concerns linger over timing and credit attribution.
- Labour's alignment with Tory immigration policies raises questions on clear policy distinctions and public perception.
Deep dives
UK Economy Shows Growth in Q1 2024
The Office for National Statistics announced that the UK GDP grew by 0.6% in the first quarter of 2024, signaling the end of the technical recession. Monthly growth in March exceeded expectations, contributing to the positive Q1 growth. The government sees this as a narrative of recovery for the economy, aligning with the Bank of England's forecasts. Despite the positive outlook, there are concerns about the timing of this recovery and whether it should have happened sooner.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode