Rachel Reeves says she won't let critics get her down
Published On Jan 17, 2025, 1:05 AM
Chancellor Rachel Reeves addressed concerns about the UK's economy following recent increases in borrowing costs and stagnant growth. She faced criticism from various political parties regarding her policies, including a tax increase on businesses which may lead to higher prices and job losses. Despite the backlash, Reeves insisted that tough decisions were necessary to stabilize the economy and emphasized her commitment to growth, seeking to engage regulators to support economic improvement.
Stock Forecasts
EWU
Negative
The UK economy is showing signs of stagnation, which may affect investor confidence and lead to negative sentiment around UK-based companies. The Conservative criticism and worries from businesses about tax increases could further impact economic growth, which is a concern for sectors sensitive to consumer spending.
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