Boost for Tories: growth goes up, jobless number falls

New figures show economy grew by 2.6% in 2014 – Britain’s best performance since 2007

The Mole

Chancellor George Osborne could still produce a “feel good factor” for the general election after official figures released this morning showed the UK economy grew last year by 2.6 per cent - the strongest annual rate of economic growth since before the banking crash.

Coming a day after figures showing the inflation rate was down to 0.3 per cent while wages rose by 2.1 per cent, the new figures released by the Office for National Statistics (ONS) will help Osborne and David Cameron refute Labour’s general election claim that families are suffering a cost-of-living squeeze.

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is the pseudonym for a London-based political consultant who writes exclusively for The Week.co.uk.