Labour's 'downbeat' comments about the economy are turning off investment, businesses warn

📆 5/9/2024 8:57 AM
📰 DailyMailUK

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The British Chambers of Commerce (BCC) slashed its economic forecast this year, warning that the UK won't be 'heading into the fast lane any time soon'

Labour's 'downbeat' comments about the economy are holding back vital investment, business leaders have warned.

Vicky Pryce, chairman of the body's economic advisory council, said that the economy should be boosted by lower interest rates, higher wages and low inflation. However, despite this, firms would still 'struggle to invest'. It comes after Labour claimed it had inherited the worst economic situation since the Second World War, with the Prime Minister warning the upcoming Budget will be 'painful'.'Global, economic and political uncertainty, alongside a downbeat government assessment of its fiscal position' are putting businesses off, experts warn

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