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Birmingham Post
Birmingham Post
Business
Tom Keighley

Minister acknowledges Covid "damage" but insists growth figures are good news

A senior Minister has said it's right to celebrate the UK's latest GDP figures but acknowledged the economic damage done by the pandemic.

Speaking to BusinessLive, Simon Clarke , Chief Secretary to the Treasury, said "everyone should be reassured" by ONS figures that show 7.5% growth in the economy during 2021.

That's despite key business groups such as the British Chambers of Commerce, the CBI and Federation of Small Businesses pointing to forecasts of sluggish growth in 2023 and 2024, and attributing the figures to a Covid bounceback following a 9.4% fall in 2020.

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