Is Labour to blame for slowing UK economy? It’s more complex than that
by Richard Partington Economics correspondent from on (#6T404)
Tories point finger at Rachel Reeves's budget but economy has been misfiring for best part of a decade
Economic growth revised to zero, stubbornly high inflation, and warnings of job losses on the horizon. After less than six months in office, a narrative is taking hold that Keir Starmer's government is fumbling his number one mission to reboot Britain's economy.
On the eve of the prime minister's first Christmas in Downing Street, the early indicators certainly aren't looking good. After growth was revised down from 0.1% to zero in the third quarter, and with the Bank of England forecasting more of the same in the fourth quarter, at best the UK economy has gone sideways since Labour's election landslide in July.
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