UK finance minister says low growth is not a surprise

  • Remarks by UK finance minister, Jeremy Hunt
  • Times are tough but we must stick to the plan
  • There are signs that the UK economy is turning a corner

The numbers here certainly aren't all too encouraging. The question now is whether or not the trend will carry over to this year. Recent PMI data have been suggestive of a more resilient performance but we'll see if that can translate to the hard data in the months ahead.

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