National GDP may be shrinking after a swathe of Labour policies that have “notably damaged” economic growth, analysts at Shore Capital said.
The warning came as separate figures showed consumer confidence has plunged to a 12-month low as households worry that they will lose their jobs in the wake of the Budget.
Clive Black, of Shore Capital, said the UK may have entered 2025 in a “technical recession”, which is classed as two quarters of declining GDP.
He added: “The Prime Minister and the Chancellor of the Exchequer have notably damaged the momentum of the UK economy since they came to power through their flawed messaging and policy announcements....<<<Read More>>>...