Economic growth (GDP), Business, Economics, Labour, Politics, Autumn budget 2024, Budget, UK news, London, Bank of England, Office for National Statistics Business | The Guardian
Blow to Rachel Reeves as first quarter under Labour shows services and manufacturing struggled in run-up to budgetBusiness live – latest updatesThe UK economy slowed to a near-standstill in the third quarter as uncertainty surrounding Labour’s first budget and high interest rates weighed on business and consumer spending.In a blow to the chancellor, Rachel Reeves, as she attempts push the UK to the top of the G7 growth league, the economy grew by 0.1% in the third quarter of the year, down from 0.5% in the second quarter, according to figures from the Office for National Statistics (ONS). Continue reading…
Blow to Rachel Reeves as first quarter under Labour shows services and manufacturing struggled in run-up to budget
The UK economy slowed to a near-standstill in the third quarter as uncertainty surrounding Labour’s first budget and high interest rates weighed on business and consumer spending.
In a blow to the chancellor, Rachel Reeves, as she attempts push the UK to the top of the G7 growth league, the economy grew by 0.1% in the third quarter of the year, down from 0.5% in the second quarter, according to figures from the Office for National Statistics (ONS).
