Rachel Reeves in Crisis as UK GDP Falls and Markets React

Rachel Reeves in crisis as UK GDP falls and markets react

The Chancellor is faced with grim economic data after her big announcement yesterday.

Britain’s GDP decline is bad news for Rachel Reeves’ spending plans

Rachel Reeves delivered her spending plans for the next three years less than 24 hours ago, but already the credibility of the Chancellor’s plans are in doubt. GDP fell by 0.3 per cent in April, according to figures released this morning by the Office for National Statistics (ONS). It spells the end of a run of more positive economic readings that Reeves had hoped would buy her room to manoeuvre in the run up to the Autumn budget – when she will…

Reeves is waking up to grim reality check as GDP slumps – she...

Rachel Reeves revelled in a major spending splurge yesterday – but this morning she wakes up to a grim reality check. delighted in gettin... #politics, #labourparty, #conservativeparty, #bills, #costofliving, #budget, #inflation, #bankofengland, #books, #flyingeze