UK economy unexpectedly declines as services sector stalls
The UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new figures show.
Chancellor Rachel Reeves said she was “disappointed” by the data after a weak month for pubs and restaurants dragged on growth amid some uncertainty ahead of the autumn Budget...
The Chancellor said: “We are determined to deliver economic growth as higher growth means increased living standards for everyone, everywhere. This is what our Plan for Change is all about.
Probably the first of many disappointments in efficacy of the Plan for Change, whatever it is. No doubt it will have to be changed for another type of Change with more Plan in it and maybe a Milestone or two.
I'm sure Rachel is nowhere near as disappointed as the general population though.
6 comments:
Every report I've seen about this, uses the word, 'unexpectedly'. We're five months into a Labour government. I'm unsure why anyone expected anything else
"Make it so!" commands Captain Reeves, but the engines 'will na take it' and the Enterprise continues in its slowly decaying orbit. Surprise!
If the economy is feeling a bit down, maybe Lord Alli could chip in with a few little presents to cheer it up.
Bucko - yes, the number of people who are surprised must be near enough none.
DJ - "We need more dilithium crystals Captain, not solar panels in deep space."
Sam - good idea, maybe some fancy boxes of shortbread biscuits would tip the balance.
The fable of the frog and the scorpion has rarely seemed more apposite.
Peter - yes very apposite - a whole Cabinet of scorpions.
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