Responding to new GDP estimates for Q1 of this year, which suggest the UK has exited recession, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“Whilst these figures indicate that the economy is turning a corner, we’re yet to see it gather any momentum with the UK forecast to be the slowest growing G7 economy next year.
“That’s why we’re urging the Government to work with business to unlock more private investment.
“Bolder childcare reform would encourage more parents into work, reviewing London’s green belt would help tackle the housing crisis, and scrapping the tourist tax would boost spending across the country.”