PM moves to stop rumors of frustration with the handling of the Chancellor of the economy, which grew only 0.2% last quarter.

David Cameron, has described the figures of the British economy after a growth of 0.2% as “positive” as he endorsed the Chancellor Osborne, George.

The Prime Minister responded to the GDP figure of the last three months, after work, asked the government to “change course” in the economy, “before it’s too late.” Cameron said that he and Osborne were “working together to ensure that the economy is growing,” but warned it would “take time” to produce the growth needed jobs. Commenting on the figures published by the Office for National Statistics (ONS), Cameron moved to quell speculation that Downing Street has been frustrated by the lack of economic growth by promoting the plan to reduce the deficit Osborne. He said Britain was “a degree of stability in an uncertain world” through the management of the Chancellor of the economy.

“Globally, countries are struggling with debts and deficits, and here in Britain, and to reach the top of the debt, on top of the deficit, we see low interest rates and see the opportunity to grow our economy, “he said.

“Clearly it will take time to ensure that we produce job growth is to ensure that we strengthen our economy, but we should be positive news of the day.”

UK Economy Talks

Cameron, Osborne’s voice echoed earlier in the day – optimistic assessment, which was the shadow Chancellor, Ed Balls, Osborne accused of being “incredibly complacent”. The recovery is less than the 0.5% growth in the first three months of this year, a result Wed said was heavily influenced by individual factors such as the extra day holy to the royal wedding, the wedding itself The first phase of Olympic ticket sales, the record hot weather in April and the tsunami in Japan.

The effect of these factors hit up to 0.5% of GDP figures, which would otherwise have shown a growth of 0.7% on Wednesday, chief economist, Joe Grice said. Osborne said the figures showed the UK “safe haven” storm “of international instability.”

“The positive news is that the UK economy continues to grow and create jobs,” he said.

“And that’s also positive news in an era of true international instability, which are a haven in the storm. Our economy is stable at this time because the government has taken tough decisions to become familiar with the debts of Great Britain. “Give up now, as some claim we should have, no risk British jobs and growth.” Asked about accusations that the government’s cuts were going too far, too fast, Osborne insisted that “everything the government is fully committed” to his plan to manage the debt of Great Britain.

Bullet entered on the figures as evidence that the recovery had been “ruthlessly suppressing” the increase in VAT Osborne and verification costs. “The economy has effectively flatlined nine months, and this is very bad news for jobs, living standards, business investments and to get the deficit,” he said.

Osborne said he was “in total denial” and urged him to “change course before it’s too late,” plowing instead “a reckless gamble that is not working.” Balls said: “Instead of excuses as to squeeze too much snow in winter and too much sun in the spring, George Osborne understand, has only himself to blame for the choices he made a year ago. “It is now almost certain that George Osborne growth forecast for the fourth time was reduced, which means that public borrowing is revised once more.” Vince Cable, the business secretary, acknowledged the growth was “impressive” but said this is not surprising, because the questions are discussed, as “aftershocks of the banking crisis and recession.”

But he said: “The government has made it very clear that we have a very specific plan that we are committed to eliminate the structural deficit in the period in parliament. “There is no need for a plan B. We need to reduce the deficit commitments.” Any additional stimulus to the economy would have to come through monetary policy, he said.

TUC Brendan Barber, general secretary said that the GDP figures showed that the private sector is not growing as Osborne had hoped. “The details of the numbers is even more worrying,” said Barber. “No sign of a recovery driven by exports, industrial production fell 1.4%, and the cuts begin to bite now that the government made no contribution to growth in the last quarter.

“The big concern is that we are now trapped in a stagnant economy, as well as damage the confidence of businesses and consumers that growth – which is the only true solution to long-term deficit -. It is giving way to the distant future ” Ian McCafferty, CBI chief economic adviser, said it was clear that behind the economic recovery remains “fragile and difficult.”