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Senior Tories Claim British Economy Has Turned A Corner


Two senior figures in the Tory Party said they believe Britain's woes are finally lifting - almost five years after the financial crash crippled the economy.

In a sign of increasing confidence, Lord Heseltine, a former Cabinet minister, said the "mood has changed" in the economy and Michael Fallon, a business minister, said it is "clear" Britain is starting to recover.

George Osborne, the Chancellor, has tentatively said Britain is "moving from rescue to recovery" and David Cameron yesterday added his view that the economy is "healing".

However, senior Tories have begun to sound even more bullish ahead of official Gross Domestic Product (GDP) data showing Britain's output. The figures, published this week, are expected to show healthy growth over the last few months.

Ministers are traditi­onally reluctant to hail the end of the UK's economic problems for fear that this could backfire if the recovery starts to stutter again.

But Lord Heseltine told Sky News's Murnaghan programme yesterday he has a "feeling" the economy is now on the up.

"I don’t think there’s any doubt that the mood has changed, all the indicators have changed in that direction," he said.

"I think it’s one of those things like an elephant. It’s very difficult to define but you know it when you see it. I don’t think you can allocate respon­sibility. Something changes, people suddenly feel there’s an opportunity as opposed to a threat, the mood is pervasive. That I feel is happening, and my word not before time"

Speaking on the same programme, Michael Fallon, a business minister, was also brave enough to declare the economy is "beginning to recover".


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