Stronger finances require a stronger economy, but budget tax rises and spending cuts could squeeze activity further
• Business live – latest updates
• Economy grew by just 0.1% in third quarter amid hit from JLR cyber-attack
Rachel Reeves’s autumn budget is not simple: Britain’s economy is misfiring and things need turning around fast. Yet a fiscal consolidation on the scale the chancellor is expected to require could push in exactly the opposite direction.
The latest figures from the economy are hardly encouraging. Growth slowed from 0.3% in the second quarter to just 0.1% in the third, driven down in part by the cyber-attack on Jaguar Land Rover.
Continue reading…Stronger finances require a stronger economy, but budget tax rises and spending cuts could squeeze activity further• Business live – latest updates• Economy grew by just 0.1% in third quarter amid hit from JLR cyber-attackRachel Reeves’s autumn budget is not simple: Britain’s economy is misfiring and things need turning around fast. Yet a fiscal consolidation on the scale the chancellor is expected to require could push in exactly the opposite direction.The latest figures from the economy are hardly encouraging. Growth slowed from 0.3% in the second quarter to just 0.1% in the third, driven down in part by the cyber-attack on Jaguar Land Rover. Continue reading…
