Britain avoids triple-dip recession

GDP figures are out and show small positive growth between the last two quarters.

Only 0.3% but that's a great deal better than going backwards.

Which means that Britain has officially avoided a triple-dip recession.

Not sure whether the noise or gnashing of teeth was louder from Labour HQ or the BBC newsroom, but the fact that we're not now going to get a slew of "Recession!" headlines will be good for confidence and investment.That will help Britain inch that bit further towards a genuine recovery which will mean more people in jobs, higher household incomes, and better progress on cutting what is still a terrifyingly-large government deficit.

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