Another day, another blow to the economy thanks to Reeves. Consumer confidence has crashed to a record low of -37 according to new figures from the British Retail Consortium. Drops for a fifth month in a row…
BRC boss Helen Dickinson warns that shop owners will have no choice but to jack up prices and slash jobs just to survive thanks to the “triple whammy of Budget costs, business rates rises and new packaging and recycling levies.” With costs passed on to consumers…
Meanwhile a Federation of Small Businesses survey shows a third of firms plan to cut jobs, up from 17% in October before the budget, thanks in part to the Employment Rights Bill. Tina McKenzie of the FSB (not that one) says:
“The figures speak for themselves – plans to allow employees to sue their employers on their first day on the job will wreak havoc on our already fragile economy, while changes to statutory sick pay will make employers think twice about their hiring plans.”
The ‘growth mission’ going well then…
Lord Khan in the Telegraph: “I hope, and I say this in a non-pompous way, that the public service I do will bring rewards in this world and the hereafter,” he says. “I’m hoping the work I do is earning me Brownie points.”