GDP jump offers Rachel Reeves some light as UK enters Trump tariff tunnel
Growth defies forecasts that chancellor had hobbled economy but trade war casts long shadow
Earlier this year Rachel Reeves was being written off for having jeopardised Britain’s economy. The chancellor’s tax-raising autumn budget had sapped business investment, spooked the financial markets and put the jobs market at risk.
The latest official figures showing stronger-than-expected economic growth of 0.5% in February will therefore come as a boost for the embattled chancellor, in a sign that the economy was in better health than her critics claimed. Continue reading...
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