Chancellor survives chaos in markets but faces more questions on growth, cuts, public sector pay and fraud
Calm has been restored, for the time being, but the lingering effect has been to increase the UK government’s cost of borrowing.
It said strong wage rises for the majority of workers over the last two years and several interest rate cuts by theInflation is beginning to come down again, unemployment remains low and the economy started to grow in November after a few months when it flatlined. Consumer confidence rose in December. So it looks like the economy is beginning to wake up after a long slumber. As a guide, IMF forecasts show the UK economy will expand by 1.6% this year compared with 0.8% in France and 0.
Whitehall insiders are keen for Keir Starmer to focus on the five missions in the Plan for Change. If Starmer and Reeves can retain the funds needed to build an “NHS fit for the future,” and in the process end hospital backlogs while also creating safer streets, improving skills training and apprenticeships and making “Britain a clean energy superpower” there will be a tangible lift to the UK’s capacity for growth.The government has offered 2.
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