UK economy flatlines, putting pressure on Rachel Reeves
GuardianDEC 25 2024
UK Economic Growth Revised to Zero for Q3 2024
Above: UK Prime Minister Keir Starmer Image copyright: Tolga Akmen/Contributor/EPA/Bloomberg via Getty Images
The Spin
Left narrative
Labour inherited an economy weakened by years of Conservative mismanagement. While recent growth has stalled, the government's focus on long-term reforms, such as boosting business investment and addressing inequality, aims to stabilize the economy. Turning around years of neglect takes time.
Right narrative
Labour's economic performance has been underwhelming. Its budget, which increased taxes and employer national insurance, has worsened the outlook, pushing businesses to cut jobs and raise prices. With plummeting business confidence and recession fears, Labour's economic plan is failing.