A sluggish UK economy could force Rachel Reeves to break her pledge and come back with another tax raid, a leading economist has warned, writes John-Paul Ford Rojas.
Revised figures yesterday showed the UK saw zero growth in the three months from July to September. Previously it was estimated at just 0.1 per cent.
Tory business spokesman Andrew Griffith said it was proof Labour had “killed, plucked and cooked the UK economic goose”.
And Paul Johnson, director of the Institute for Fiscal Studies (IFS) think-tank, told Times Radio: “It’s not impossible that the Chancellor will feel she needs to come back for yet more money next autumn if the economy doesn’t pick up.”
Yesterday’s figures from the Office for National Statistics (ONS) represent the latest evidence of Labour’s dismal economic record.
UK gross domestic producthad grown by 0.7 per cent in the first quarter of the year and 0.4 per cent in the second quarter, putting it on …