Article 71EBP Amid disappointing UK growth, how can Rachel Reeves escape the doom loop?

Amid disappointing UK growth, how can Rachel Reeves escape the doom loop?

by
Richard Partington Senior economics correspondent
from World news | The Guardian on (#71EBP)

Stronger finances require a stronger economy, but budget tax rises and spending cuts could squeeze activity further

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Economy grew by just 0.1% in third quarter amid hit from JLR cyber-attack

Rachel Reeves's autumn budget is not simple: Britain's economy is misfiring and things need turning around fast. Yet a fiscal consolidation on the scale the chancellor is expected to require could push in exactly the opposite direction.

The latest figures from the economy are hardly encouraging. Growth slowed from 0.3% in the second quarter to just 0.1% in the third, driven down in part by the cyber-attack on Jaguar Land Rover.

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