It came as a slew of negative indicators suggested Chancellor Rachel Reeves's pledge to boost the economy was in tatters.
Shadow business secretary Andrew Griffith said: "It becomes clearer by the day that Labour's wrecking ball Budget of broken promises will decimate business and take the high street with it." The Confederation of British Industry says the private sector expects activity to fall in the three months to February, the first time in 2024 this Growth Indicator has been negative.
Alpesh Paleja, economist at the CBI, said: "As we head into 2025 expectations for growth have taken a decisive turn for the worse. Our surveys suggest anticipated activity was already weakening heading into the October Budget and the Chancellor's announcements have left businesses with even more tough choices to make."
Madness
Denne historien er fra December 03, 2024-utgaven av Daily Express.
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Denne historien er fra December 03, 2024-utgaven av Daily Express.
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JUVE PILE ON PAIN FOR PEP
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PEATY STILL TEMPTED BY ONE LAST HURRAH
Paris 'anger' could yet drive legend on to 2028
McCall targets early festive cheer in Paris
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'Let us all respect Tom's family and their suffering'
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Des's daughter tackles police misogyny after officer probing mugging asked her on a date
THE daughter of the late TV legend Des O'Connor is fighting to expose \"systemic misogyny\" in the Metropolitan Police after she reported being mugged and was asked on a date by the investigating detective.
'I believe a panic button would have saved Becky'
Mum's joy at boost from King
BBC probe uncovers new Gregg Wallace allegations
THE BBC claims to have uncovered \"a number of very interesting new allegations\" against Gregg Wallace after launching its own investigation.
Pensioners limit flushing to cut growing water bills
THOUSANDS of elderly people are limiting how often they flush the toilet, shower or use washing machines as they struggle to afford water bills, a report warns.
Jihadis 'should be 'stripped of their British citizenship'
JIHADIS who travelled to fight for Islamic State should be stripped of their British citizenships, Sir Keir Starmer has been told.
