{"id":26439,"date":"2022-10-12T12:10:28","date_gmt":"2022-10-12T12:10:28","guid":{"rendered":"https:\/\/www.nsemgh.com\/?p=26439"},"modified":"2022-10-12T12:10:29","modified_gmt":"2022-10-12T12:10:29","slug":"economy-is-resilient-and-we-have-a-plan-treasury-chief","status":"publish","type":"post","link":"https:\/\/www.nsemgh.com\/2022\/10\/12\/economy-is-resilient-and-we-have-a-plan-treasury-chief\/","title":{"rendered":"Economy is resilient and we have a plan &#8211; Treasury chief"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Chief Secretary to the Treasury <strong>Chris Philp<\/strong> answers on behalf of the chancellor, who is currently in Washington.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;As we know, the world has faced surging energy prices since Putin&#8217;s illegal invasion of Ukraine, we&#8217;ve seen high inflation across the Western world, and we&#8217;ve seen a cycle of increasing interest rates across [many] Western economies as well,&#8221; he says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Let me reassure the House that the fundamentals of the United Kingdom&#8217;s economy remain resilient.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Unemployment at 3.5% is the lowest it&#8217;s been in my lifetime, economic growth last year&#8230; was the highest of any G7 country, and just yesterday the IMF forecast that GDP growth this current year in the UK would be 3.6%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;But I know that many families are worried about the challenges we face, and that is why&#8230; we introduced the energy price guarantee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;And we also introduced a growth plan to get our economy growing.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chief Secretary to the Treasury Chris Philp answers on behalf of the chancellor, who is currently in Washington. &#8220;As we know, the world has faced surging energy prices since Putin&#8217;s illegal invasion of Ukraine, we&#8217;ve seen high inflation across the Western world, and we&#8217;ve seen a cycle of increasing interest rates across [many] Western economies [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":26440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[61],"tags":[1425,8229,9198,5196,5494,6738,462,1237,6543,10321,5060,6546,5252,5840,12103,10390,71,10214,12605,5180,7746,3080,2354,36,594],"class_list":["post-26439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-chancellor","tag-chris-philip","tag-economies","tag-economy","tag-energy","tag-families","tag-g7","tag-gdp","tag-growth","tag-illegal","tag-imf","tag-inflation","tag-invasion","tag-liz-truss","tag-price","tag-prices","tag-putin","tag-rates","tag-uk","tag-ukraine","tag-unemployment","tag-united-kingdom","tag-washington","tag-world","tag-who"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/26439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=26439"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/26439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/26440"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=26439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=26439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=26439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}