UK returns to growth but living standards fall; oil price weakens on Ukraine peace talk hopes – business live
Britain’s services and construction sectors grew in October-December, but production contracted again… and GDP per person shrank
- UK economy grows by 0.1% in unexpected boost for Rachel Reeves
- GDP rose 0.4% in December, stronger than expected
- Competition watchdog to speed up decisions to support UK growth push
Shadow chancellor Mel Stride has accused chancellor Rachel Reeves of “killing growth” with her budget, delivered at the end of October - despite the economy growing by a decent 0.4% in December.
Stride claims working people and businesses are “already paying for her choices.”
“The Chancellor promised the fastest growing economy in the G7, but her budget is killing growth.
“Working people and businesses are already paying for her choices with ever rocketing taxes, hundreds of thousands of job cuts and business confidence plummeting. Continue reading...
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