The latest data reveals that the UK economy stagnated, recording 0% growth between July and September this year, prompting businesses to slow hiring and revise growth forecasts.
A survey by the Confederation of British Industry (CBI) indicates that 899 private sector companies anticipate significant job cuts.
Conservative business spokesperson Andrew Griffith has criticized Chancellor Rachel Reeves, attributing the economic downturn to her tax-raising policies and negative rhetoric.
He argued that such actions have created a “hostile climate” for investment, growth, and ambition.
