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What's happening with the economy?

The UK economy avoids recession, but ‘not out of the woods’

New figures from the Office of National Statistics show that the UK has managed to avoid a recession. Inflation is slowing, but the UK has not managed to reach the levels of growth needed for pay increases. On Thursday, as AstraZeneca announced it had opted to build a new factory in Dublin rather than in Macclesfield, its CEO said '"you need an environment that gives you good returns and incentive to invest".

Today's Nick Robinson spoke to Dame Deanne Julius, former member of the Bank of England’s Monetary Policy Committee, and Julian Metcalfe, CEO of Itsu, about what the UK government needs to do to increase economic growth.

Martha Kearney spoke to the Â鶹Éç’s Business Editor Simon Jack and Richard Torbett, CEO of the Association of the British Pharmaceutical Industry, about why AstraZeneca chose to invest outside the UK and what the government can do to make the UK more attractive to investors.

Image Credit :
By: Neil Hall
Credit :EPA-EFE/REX/Shutterstock
Location :London, United Kingdom
Copyright: Copyright (c) 2023 Shutterstock. No use without permission.

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16 minutes

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