UK Finance Minister Jeremy Hunt said that “the fact the UK was the fastest growing economy in the G7 last year, as well as avoiding a recession, shows our economy is more resilient than many feared."

Additional quotes

“We are not out the woods yet, particularly when it comes to inflation.”

“If we stick to our plan to halve inflation this year, we can be confident of having amongst the best prospects for growth of anywhere in Europe.”

Related reads

• UK Preliminary GDP stagnates in Q4 2022, as expected
• GBP/USD remains depressed near 1.2100 mark, moves little post-UK macro data