Rachel Reeves has been hit by a triple humiliation - 'she's killing growth!'

Rachel Reeves, the Chancellor, is facing criticism following a downgrade in Britain's economic growth prospects and a four-year high in unemployment. Critics accuse her of "killing growth and crushing jobs" as the International Monetary Fund (IMF) reduced its UK growth forecast for the upcoming year. The IMF also warned that UK inflation is projected to be the highest among G7 nations for the next two years, impacting household income growth and undermining pledges to improve living standards. Concurrently, unemployment has risen to 4.8%, the highest rate since March 2021, with 1.74 million people unemployed, an increase from the previous year. Wage growth has also slowed, with a real-terms increase of only 0.9% after accounting for inflation. These economic indicators have led to accusations from opposition parties that Labour's policies have led to increased debt, decreased business confidence, and rising taxes, causing financial strain on families. Reeves is scheduled to meet global business leaders to encourage investment in the UK and emphasize her commitment to economic stability. However, the negative economic data overshadows these efforts. Experts suggest that recent tax increases and new employment laws may be harming the economy, making employers hesitant to hire new staff. Fears are growing that Reeves may increase taxes in her upcoming budget to address financial deficits. Addit... download the app to read more