GDP increase a good start, but it won’t balance the books

GDP for the third quarter of 2025 rose 1.1 percent. Responding to today’s announcement, Taxpayers’ Union Spokesman James Ross said:

“Some ‘green shoots’ in the economy are a promising sign, but they don’t hide the fact that GDP shrunk over the last twelve months. More than that, GDP per capita is still 2.6 percent smaller than at the time of the last election.”

“There’s no hope of balancing the books without growth, but growth alone won’t cut it. Two thirds of the deficit is structural, which means even if the economy is booming we won’t get back into the black unless the Government starts finding some savings.”

“Tuesday’s HYEFU opening of the books shows that the path we’re on isn’t sustainable. A positive GDP figure doesn’t change that.”