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

📆 9/5/2024 12:57 AM
📰 DailyMailUK

⏱ Reading Time:
30 sec. here
5 min. at publisher
📊 Quality Score:
News: 25%
Publisher: 90%

Dailymail News

News,Labour,G7

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

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The little-known British eco companies that are poised to profit from Labour's green driveIt can sometimes be hard to believe that the world is in the midst of a climate crisis.
Source: DailyMailUK - 🏆 7. / 90 Read more »