Osborne urges caution on British economic recovery

Jenna Towler
clock

Chancellor George Osborne has urged cabinet colleagues "not to get ahead of themselves" about the UK's economic recovery.

The Telegraph reports Osborne said the world economy remains volatile and the UK recovery could be shattered by a further crisis. The report said a senior government source had earlier said the UK was increasingly distancing itself from "bucket economies" in the eurozone and was joining the US in terms of growth. Speaking as he arrived at the G20, Osborne said: "This is first time the G20 has met in recent years where there is not a sense of crisis about the global economy, and indeed the performance of some advanced economies has been better than when leaders met last year and even ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read