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The UK financial system has flatlined, with no GDP progress in any respect between the months of July and September, inflicting but extra headache for Prime Minister Rishi Sunak.
The figures from the Workplace for Nationwide Statistics exhibiting that the financial system had flatlined got here simply days after Sunak boasted that the financial system was rising.
In a video launched on the day of the King’s speech, Sunak mentioned that the financial system was rising as he mirrored on his first yr in workplace.
He mentioned: “One yr in the past I stood on the steps of Downing Avenue and promised to ship for the individuals of this nation.
“Right now the outcomes are clear. Inflation is down … the financial system is rising and debt is falling.”
Rising the financial system was additionally one of many Prime Minister’s 5 pledges to voters when he took workplace.
Commenting on right this moment’s ONS knowledge, shadow chancellor Rachel Reeves mentioned: “These figures are additional proof that the financial system shouldn’t be working beneath the Conservatives and dealing persons are worse off.
“In the beginning of the yr, Rishi Sunak promised to get the financial system rising. These figures present that progress is flatlining and the British persons are paying the worth.”
Basit Mahmood is editor of Left Foot Ahead
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The publish UK economy has flatlined just days after Rishi Sunak said it was growing appeared first on Left Foot Forward: Leading the UK's progressive debate.