and any brighter news, is tempered by slower growth over the long term. mr hunt said the uk would only grow by 1.8% next year and byjust 2.5% in 2025. compare that to the growth in the biggest economies. while the uk ecnomy shrinks this year every other major economy will grow. here isjeremy hunt setting out his solution. growth is one of the prime minister s five priorities for our country. i deliver that today by removing obstacles that stop businesses investing, by tackling labour shortages that stop them recruiting, by breaking down barriers that stop people working and by harnessing british ingenuity to make as a science and technology superpower. we are joined by sanjay raja, chief uk economist for deutsche bank. some of you might remember he played a prominent roll in committee hearings,
signs, but encouraging signs over the last quarter, that those figures are beginning to come down. we still have millions of working age people who are not actively looking for a job, either because they are in education, or they are unable to, or maybe they are too unwell to look for a job, and that means employers have to compete for the ones that are looking for a job, pushing wages up, which in turn pushes inflation up, which then makes people ask for higher wages. and it is that wage spiral that the bank of england is so afraid of. joining me now is adam dent, chief uk rates strategist at sa ntander. adam, the uk lost more working days to strike last year, 2022, than in any year since 1989, what do you think are the longer term damages is that? of ongoing labour disputes and the problems ever pay to the uk economy? problems ever pay to the uk econom ? ., ~ ,, , t economy? thank you very much. the interesting economy? thank you very much. the interesting thing economy? thank y
last autumn to less than 40 billion now, yet households still face a jump in energy cost in april of 50%. the bbc asked the chancellor whether the savings could be used to help households. we constantly keep the help we can give families under review, but if you are saying, do i think we will have the headroom to make a major new initiative to help people, i don t think the situation will have changed very significantly from the autumn statement, which was just three months ago. the bank of england is now forecasting weak growth this year, rather than a long slump, but hat doesn t mean household fortunes have improved. millions of workers are still going through what is expected to be the sharpest drop in disposable incomes in nearly 70 years. andy verity, bbc news. we can talk more about this with paul dales, the chief uk economist at the independent economic research group, capital economics. thanks forjoining us. does it
takes in less money in tax revenue, which makes all those tricky decisions about how to fund important public services like the nhs all the more difficult. the prime minister has pledged to get the economy growing again by the end of the year. today s gdp figure will give another indication of how difficult that promise could be to meet. ben king, bbc news, worcester. paul dales is chief uk economist at capital economics, an independent economic research think tank. good morning, thank you forjoining us on bbc news. looking at those figures, what is the direction of travel? ,, , . figures, what is the direction of travel? ,, . , . , figures, what is the direction of travel? ,, , . , ., , travel? sideways, which is actually uuite aood travel? sideways, which is actually quite good because travel? sideways, which is actually quite good because most - travel? sideways, which is actually i quite good because most economists expected the economy would contract at the end of last year, bu
output looks better. pauli key, if that falls that the economic output looks better. output looks better. paul dales, chief uk economist output looks better. paul dales, chief uk economist at output looks better. paul dales, chief uk economist at the - output looks better. paul dales, i chief uk economist at the research think tank capital economics, thank you very much indeed. a man has been charged with the murder of 26 year old elle edwards, who was shot outside a pub in merseyside on christmas eve. connor chapman, who is 22, will appear before wirral adult remand court this morning. will batchelor reports. elle edwards was enjoying a night out at the lighthouse in wallasey, when she was shot ten minutes before midnight on christmas eve. the 26 year old beautician had been standing outside the pub when shots were fired towards the doorway. detectives said at the time they did not believe she was intended target of the attack, which also injured four other people. 0vernight, mer