These figures are an essential staging publish for the UK financial system.
They need to underline the truth that the recession on the finish of the final yr was the mildest on file.
The federal government will seize on the figures alongside a possible fall within the inflation price near the two% goal within the subsequent fortnight to say the financial system is again to regular.
Yesterday, the governor of the Financial institution of England Andrew Bailey instructed the BBC that the financial system had turned a nook, however that it was not but a powerful restoration.
Even with a proper return to development this morning, the financial system has barely grown for 2 years.
Earlier this week, shadow chancellor Rachel Reeves mentioned, in anticipation of right now’s figures, that the federal government was delusional and “gaslighting” the general public in regards to the energy of the financial system.
The battle over perceptions of the energy of restoration is more likely to be on the coronary heart of the final election marketing campaign.
Each major events declare they wish to battle the election on the financial system.
