Shadow chancellor says unexpected contraction is ‘direct result of Labour’s economic mismanagement’

Good morning. Growth figures out today show the economy shrinking in October. This is worse than economists were expecting.

Richard Partington has the story here.

Britain’s economy shrank unexpectedly in October as consumers held back on spending before Rachel Reeves’s budget and car manufacturing struggled to recover from the cyber-attack on Jaguar Land Rover .

Figures from the Office for National Statistics (ONS) showed gross domestic product fell by 0.1%, after a 0.1% drop in output in September. City economists had predicted a 0.1% rise in October.

This morning’s news that the economy unexpectedly shrank in the three months to October is extremely concerning but it’s as a direct result of Labour’s economic mismanagement.

Rachel Reeves promised growth but Labour has no plan for the economy - just their own survival, that’s why Reeves presented a Benefits Budget that rewards welfare not work.

It wasn’t unexpected.

As I said at the time, the chancellor’s shambolic dishonesty in the run-up to the budget, slowed down economic activity and killed growth.

Shadow chancellor says unexpected contraction is ‘direct result of Labour’s economic mismanagement’

Good morning. Growth figures out today show the economy shrinking in October. This is worse than economists were expecting.

Richard Partington has the story here.

Britain’s economy shrank unexpectedly in October as consumers held back on spending before Rachel Reeves’s budget and car manufacturing struggled to recover from the cyber-attack on Jaguar Land Rover .

Figures from the Office for National Statistics (ONS) showed gross domestic product fell by 0.1%, after a 0.1% drop in output in September. City economists had predicted a 0.1% rise in October.

This morning’s news that the economy unexpectedly shrank in the three months to October is extremely concerning but it’s as a direct result of Labour’s economic mismanagement.

Rachel Reeves promised growth but Labour has no plan for the economy - just their own survival, that’s why Reeves presented a Benefits Budget that rewards welfare not work.

It wasn’t unexpected.

As I said at the time, the chancellor’s shambolic dishonesty in the run-up to the budget, slowed down economic activity and killed growth.

Shadow chancellor says unexpected contraction is ‘direct result of Labour’s economic mismanagement’

Good morning. Growth figures out today show the economy shrinking in October. This is worse than economists were expecting.

Richard Partington has the story here.

Britain’s economy shrank unexpectedly in October as consumers held back on spending before Rachel Reeves’s budget and car manufacturing struggled to recover from the cyber-attack on Jaguar Land Rover .

Figures from the Office for National Statistics (ONS) showed gross domestic product fell by 0.1%, after a 0.1% drop in output in September. City economists had predicted a 0.1% rise in October.

This morning’s news that the economy unexpectedly shrank in the three months to October is extremely concerning but it’s as a direct result of Labour’s economic mismanagement.

Rachel Reeves promised growth but Labour has no plan for the economy - just their own survival, that’s why Reeves presented a Benefits Budget that rewards welfare not work.

It wasn’t unexpected.

As I said at the time, the chancellor’s shambolic dishonesty in the run-up to the budget, slowed down economic activity and killed growth.