Rachel Reeves is accused of holding back the economy after Britain eked out growth of just 0.2 per cent in August
5 months, 1 week ago

Rachel Reeves is accused of holding back the economy after Britain eked out growth of just 0.2 per cent in August

Daily Mail  

Rachel Reeves was yesterday accused of holding back the economy after Britain eked out growth of just 0.2 per cent in August amid the Chancellor’s relentlessly ‘negative’ rhetoric. Rachel Reeves put a positive tone on the news on Friday, pointing to a major investment summit being held next week Official figures showed GDP expanding 0.2 per cent at the end of the summer after two grim months of zero growth But Simon French, chief economist at City broker Panmure Liberum, said: ‘The frustration has been how much better it could have been without the over negative framing of the economic inheritance.’ Ben Jones, lead economist at the Confederation of British Industry, said there were ‘encouraging signs’ in the latest GDP figures. Neil Birrell, chief investment officer at asset manager Premier Miton, said August’s growth ‘feels like a long time ago now’. He added: ‘Since then, concerns over government fiscal policy have dented consumer and business confidence and it’s hard to believe that won’t have a real world impact.’ Julian Jessop, economics fellow at free market think-tank the Institute of Economic Affairs, said: ‘The return to growth in August adds to evidence that the UK economy still has plenty of positive momentum.

History of this topic

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