Labour Government Reduces Growth
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budget tax riseLewRockwell
•Britain: How to Destroy an Economy in Six Months - LewRockwell
47% Informative
Labour has managed to reduce an economy growing at the fastest rate in the G7 group of leading economies to falls of -0.1% in both September and October .
With no growth in the large services sector as fearful consumers reduce spending and business paused investment.
Annual inflation has risen to 2.6% and the 10 year government bond interest rate has risen from 3.8% to 4.6% . Even the Office for Budget Responsibility has predicted the budget would make business investment weaker.
January 2025 will see a devastating series of announcement of business closures and redundancies as businesses react to the enormous extra costs piled on them by the economically illiterate spendthrift Rachel Reeves .
The large Recruitment agency, Reed , said vacancies advertised on their website had fallen 13% between October and November , and the vacancy figure was now 26% lower than a year ago .
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Informative language
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17
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English
Language complexity
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short-lived
External references
5
Source diversity
4
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