Reeves’s actions would suggest she’s trying to slow economy down, says former NatWest chief
The former chairman of NatWest Bank has launched a broadside against Rachel Reeves, claiming it appears as though she is doing everything she can to prevent economic growth. Economist Sir Howard Davies’ criticism of the chancellor comes less than two weeks ahead of a crucial budget which many believe could make or break the government. While Keir Starmer and Ms Reeves came into office claiming that economic growth was their number one mission, the economy has stagnated, and new figures published on Thursday show UK economic growth slowed to 0.1 per cent for the past three months. Sir Howard blamed the policies she has brought in, including increasing national insurance contributions on employers and new employment rights, for the dire state of Britain’s economy. ( More
