The UK was already floundering
‘Economically naive, ignorant and at times stupid‘: Labour blasted as UK hurtles towards recession
Britain faces a painful bout of stagflation and even recession as business is battered by soaring costs stemming from the Iran war on top of Labour’s tax hikes.
In a bleak report, S&P Global said its index of activity among UK services firms crashed to an 11-month low of 50.5 last month…
Chancellor Rachel Reeves has warned that Britain faces ‘significant’ economic challenges as a result of the conflict in the Middle East.
But analysts said the UK was already floundering before the war erupted – with recent official figures showing the economy was no bigger in January than it was in June last year.
Clive Black, an analyst at City broker Shore Capital, said: ‘An economically naive, ignorant and at times stupid UK Government will soon be blaming international affairs for a potential recession that exposes its poor policymaking.’
Source: https://akhaart.blogspot.com/2026/04/the-uk-was-already-floundering.html
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