Do GDP figures mean UK economy is still not ‘fixed’?

Channel 4 News economics producer Neil Macdonald explains why there is no avoiding the fact that today’s growth figures are a disappointment. 

City forecasters were expecting the economy to expand by 0.5 per cent in the first three months of the year. Pessimists thought it might be just 0.4 per cent. In fact, the economy couldn’t manage even that – growing by just 0.3 per cent.

The government might say that at least there’s still some growth – but the problem for the chancellor is that he has a bit of form when it comes to GDP disappointments.

The coalition had been hoping these disappointments were behind it, read why this might not be the case here.