UK economy remains fragile - and there are risks and traps lurking around the corner

UK economy remains fragile - and there are risks and traps lurking around the corner

Concerns that the chancellor, Rachel Reeves, is considering tax hikes could weigh on consumer confidence, at a time when businesses are already scaling back hiring because of national insurance tax hikes.

UK economy remains fragile - and there are risks and traps lurking around the corner | Money News | Tech, Entertainment, Sport, Fashion, Travel News

Monthly Gross Domestic Product (GDP) figures are volatile and, on their own, don’t tell us much. However, the picture emerging a year since the election of the Labour government is not hugely comforting. This is a government that promised to turbocharge economic growth, the key to improving livelihoods and the public finances. Instead, the economy is mainly flatlining. Output shrank in May by 0.1%. That followed a 0.3% drop in April. Ministers w…