South koreans is exactly what they. this is bbc news with the latest business headlines for viewers in the uk and around the world. no more declinism the uk unveils plans to tackle poor productivity and get more investment into the economy amid fears it s getting left behind. we are in a race and they want to attract manufacturing production, low carbon, transitionjob, it is not clear what the uk wants to attract and how much money we have to do so. also coming up us recession fears ease as gdp figures come in stronger than expected. the bad news? that could mean no let up from the fed. plus maliciously
Something you would be pleased about for another reason, but it is something we should be proud of and work hard for. something we should be proud of and work hard for- work hard for. let s get into the questions work hard for. let s get into the questions that work hard for. let s get into the questions that the work hard for. let s get into the questions that the chancellor i work hard for. let s get into the l questions that the chancellor has agreed to take. joe hill s from itv. welcome to viewers on bbc world. we are watching uk chancellorjeremy hunt on the right of your screen answering questions after a speech he has just given on answering questions after a speech he hasjust given on promoting growth in the uk. fin he hasjust given on promoting growth in the uk. on declinism, as ou oint growth in the uk. on declinism, as you point out. growth in the uk. on declinism, as you point out, many growth in the uk. on declinism, as you point out, many countries - growth in
declinism ? in morning. is it realism or declinism ? morning. is it realism or declinism ? in a way it is neither declinism ? in a way it is neither because - declinism ? in a way it is neither because when - declinism ? in a way it is| neither because when you declinism ? in a way it is - neither because when you look at the data, as opposed to the narrative, the data surprises even to me, given that, you would think, post brexit, surely things are declining. actually, the realistic side of the data, large capital investment into the country was 4.6 billion more than it was the year before. if you look at jobs created from foreign direct investment they are up over the last four years. if you look at total economic impact of government involved project that is up 82% year on year. so looking at the data, it is quite surprising. they might be pockets we think we are not making enough cars etc but actually overall the government involved project to bring foreign direct investme
And we knew that in advance, egypt, the un, others who are traditional mediators between israel and the militant groups in gaza were trying to act pre emptively to stop this from getting out of control, from any kind of escalation. and trying to preserve the shaky truce that exists in gaza. yolande knell reporting. let s return now to the chancellor, jeremy hunt who has been outlining the government s plan for long term economic growth. delivered under a backdrop of gloomy forecasts, mr hunt used his first major speech in the post to say he wants the country to be one of the most prosperous in europe. but he said it would require patience and discipline, let s talk to our economics correspondent andrew verity. he spoke about optimism. he said he didn t like the declinism and pessimism of some people about the uk s prospects. but he acknowledged
Right have talked about an existential crisis, britain teetering on the edge and that all we can hope for is that things don t get worse. i welcome the debate, but chancellors too are allowed their say. and i say simply this. decline declinism has always been wrong in the past ideas wrong today. some of the gloom is based on statistics that don t reflect the whole picture. like every g7 country, our growth was slower in the years after the financial crisis than before it. but since 2010, the uk has grown faster than france, japan, italy, not at the bottom, but right in the middle of the pack. since the exit referendum, we have grown at about the same rate as germany. yes, we have not returned to pre pandemic employment or output levels. but an