British economy flatlines in 3rd quarter in another blow to new Labour government
Monday, 23 December 2024 () The British economy flatlined in the third quarter of the year, according to downwardly revised official figures in another blow to the new Labour government that has made growth its number one mission. In its latest revision of the July to September period, the Office for National Statistics said Monday the economy showed no growth against the previous estimate of 0.1%. The reduction has prompted critics to say that Labour talked down the economy on taking power on July 5 for the first time in 14 years when it described its economic inheritance from the previous Conservative administration as being the worst in generations.
Chief Secretary to the Treasury Darren Jones says the Labour government is still committed to stimulating economic growth despite figures from the Office of National Statistics showing the economy recorded no growth in the third quarter of this year. Report by Etemadil. Like us on Facebook at...
The UK economy shrank for a second consecutive month in October, marking the first back-to-back decline since the pandemic. Shadow Chancellor Mel Stride criticised the government, claiming it inherited..
Mel Stride blamed GDP figures showing growth slowed between July and September on the Labour government “talking down of the economy”. UK economic growth slowed between July and September relative..
Monday, 23 December 2024 ()
![UK Economy contracts for second month amid Tory criticism [Video]](https://video.newsserve.net/300/v/20241213/1396036558-UK-Economy-contracts-for-second-month-amid-Tory.jpg)
![Stride: GDP figures are 'very weak and worrying' [Video]](https://video.newsserve.net/300/v/20241115/1393471274-Stride-GDP-figures-are-very-weak-and-worrying.jpg)
