Latest figures from the Office for National Statistics show that GDP fell by 0.1% in October. Services showed no growth while production and construction contracted…
Reeves responds: “While the figures this month are disappointing, we have put in place policies to deliver long-term economic growth.” Shadow Business Secretary Andrew Griffith meanwhile says it’s “clear the government has no growth plan. The economy is now flatlining and urgently needs CPR from the reversal of Labour’s jobs tax and a replacement Chancellor.”
Construction fell 0.4% and production 0.6%. Pubs, restaurants, retail, and oil and gas fell. That means in the the three months to October the economy only posted growth of 0.1%. There won’t be happy faces at the Treasury this morning…
Red Wall Labour backbencher Jonathan Brash told GB News that Starmer should resign:
“I’m completely fed up about it, and I think it’s got to the point now where I genuinely think that, as far as the Prime Minister is concerned, it’s not a case of if, it’s when.”