The UK was already floundering

'Economically naive, ignorant and at times stupid': Labour blasted as UK hurtles towards recession

Britain faces a painful bout of stagflation and even recession as business is battered by soaring costs stemming from the Iran war on top of Labour's tax hikes.

In a bleak report, S&P Global said its index of activity among UK services firms crashed to an 11-month low of 50.5 last month...

Chancellor Rachel Reeves has warned that Britain faces ‘significant’ economic challenges as a result of the conflict in the Middle East.

But analysts said the UK was already floundering before the war erupted – with recent official figures showing the economy was no bigger in January than it was in June last year.

Clive Black, an analyst at City broker Shore Capital, said: ‘An economically naive, ignorant and at times stupid UK Government will soon be blaming international affairs for a potential recession that exposes its poor policymaking.’

It's not news of course, we already know this absurdly ideological government is floundering when it comes to carrying out its economic role. Everyone who pays attention to these issues knows it and also knows the main political actors will continue to blame international affairs.

Yet Polanski's Greens would be worse.

Strewth.