The Observer view on the UK economy: Labour is holding back when it should be bold

The Observer view on the UK economy: Labour is holding back when it should be bold

Economic growth (GDP), Economic policy, Politics, Rachel Reeves, Labour, Construction industry, Housing, UK news, Society, Business Business | The Guardian

​Ministers should stop wasting their time – and their hefty mandate – trying to make failed Tory policies workRachel Reeves had some sobering news last week about the UK economy and how much it grew in July. The message from the Office for National Statistics was that it didn’t. And that it flatlined in the previous month as well.Zero growth over a two-month period is never a reason for panic. What it does indicate though is that the economic inheritance left by Rishi Sunak lacks the momentum claimed by the former Conservative administration. Continue reading… 

Ministers should stop wasting their time – and their hefty mandate – trying to make failed Tory policies work

Rachel Reeves had some sobering news last week about the UK economy and how much it grew in July. The message from the Office for National Statistics was that it didn’t. And that it flatlined in the previous month as well.

Zero growth over a two-month period is never a reason for panic. What it does indicate though is that the economic inheritance left by Rishi Sunak lacks the momentum claimed by the former Conservative administration.

Continue reading… 

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