Rachel Reeves pushes UK to abyss - now we're doing even worse than PERU

Under Chancellor Rachel Reeves, the UK's economic performance has significantly declined, leading to a worsening situation described as being "worse than Peru." This decline is evidenced by a faltering economy, reduced productivity, decreased consumer spending, and disappointing tax receipts. Recent reports highlight a severe impact on the jobs market, with a loss of 300,000 jobs in the past year, attributed in part to Reeves' policies. Inflation has also risen, driven by public sector pay increases, a hike in the minimum wage, and a £25 billion raid on employers, which they passed on through higher prices. Furthermore, the UK faces the slowest living standards growth in the Western world, according to the International Monetary Fund (IMF). GDP per person is projected to grow by only 0.5% in 2026, significantly less than the US and even the eurozone. This economic stagnation is expected to worsen as Reeves plans further tax increases on businesses and consumers. The cost-of-living crisis is also not receding; inflation is predicted to increase next year, contrasting with efforts in other countries to control price growth. Even nations like Peru, Morocco, Ivory Coast, and Senegal are managi... download the app to read more