Friday, February 11, 2022

UK Economy bounces back with growth of 7.5% over the last 12 months

The UK economy is recovering from the pandemic: new ONS figures released this morning show that our economy grew by 7.5 per cent last year, showing that the Conservatie plan for jobs is working we are on the right path as we build back better from the pandemic.

  • Thanks to the £400 billion package of support, our historic vaccination programme, and the government getting most of the big calls right at the right time, the economy has been remarkably resilient.
  • New figures released this morning demonstrate the benefits of our approach, with the UK seeing the fastest growth in the G7 last year and GDP remaining at pre-pandemic levels in December. GDP grew by 7.5 per cent last year.
  • This shows that our plan is working – and we’re continuing to help the economy rebuild through our Plan for Jobs, boost for business investment and support for households with the cost of living.

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