Fabian Picardo
We have reached this position as a unified British family determined to find a solution worthy of our people
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Daily Mail
14 minutes ago
- Daily Mail
So what's there to high-five about now, Ms Reeves? Critics blast Chancellor's tax and spend plans - as it emerges the economy SHRANK by 0.03 per cent
Rachel Reeves ' plan to renew the British economy was left in tatters yesterday after figures revealed it was slamming into reverse. The Office for National Statistics said gross domestic product shrank by 0.3 per cent in April – the worst monthly performance for a year and a half. It came less than 24 hours after the Chancellor declared that only Labour could fix Britain as she set out the Government's spending plans. Yesterday she admitted that the latest numbers were 'clearly disappointing'. Yet much of the blame for the slump was laid squarely at her own door – with firms pointing to the impact of Ms Reeves' £25billion raid on employer national insurance. Donald Trump 's tariff wars and the end of a stamp duty holiday also took their toll. It added to the growing sense of disenchantment with Labour's handling of the economy as firms also face higher business rates and a raft of new workers' rights. The figures will knock the wind out of the Chancellor's sails after the UK had appeared to enjoy a much brighter start to the year, with GDP growing by 0.7 per cent in the first quarter – the fastest pace among the G7 group of advanced economies. Tory business spokesman Andrew Griffith said: 'It's bad news that growth has fallen but when you introduce a £25billion jobs tax, hike business rates, drive investors overseas and spawn hundreds of pages of red tape, lower growth is precisely what you get. 'You can't tax and spend your way to growth. The quicker this socialist Government wakes up to that, the better.' Separate figures today from the Recruitment and Employment Confederation showed the number of those seeking jobs has seen the biggest increase in four and a half years, as redundancies surge and work opportunities shrink. And evidence mounted that entrepreneurs are becoming fed up with Labour's anti-business policies, as a survey from accountancy firm S&W showed 39 per cent were considering moving their companies abroad because a lack of support. It came as Tesco, Britain's biggest supermarket, said costs being piled on to it by the Government were resulting in higher prices for consumers. 'There are definitely continued inflationary pressures on the market,' said chief executive Ken Murphy. 'I think you've got to look at things like the impact of all the new taxation and regulatory costs on the industry.' The downturn in April was the worst since October 2023 and bigger than the 0.1 per cent contraction expected by economists. The figures covered a period when President Trump introduced his 'Liberation Day' tariffs that caused a wave of market turbulence and upended decades of global trading arrangements. They showed a £2billion slump in UK goods exports to the US, the biggest fall on records going back to 1997. There was also a big drop in output from the car industry – one of the sectors worst affected by tariffs. And the end of the stamp duty holiday took its toll as a surge in market activity at the start of the year, as buyers rushed to beat the deadline, screeched to a halt. The deteriorating picture will only add to fears that the Chancellor will raise taxes again this autumn. It follows figures earlier this week showing the economy has lost more than a quarter of a million jobs since her last Budget. Suren Thiru, of the Institute of Chartered Accountants in England and Wales, said: 'These figures suggest that the UK's economic fortunes took a notable nosedive in 'Awful April'. 'April's decline is probably the start of a more sobering period for the UK economy with the damage from spiralling costs and intensifying global uncertainty set to slow growth sharply this quarter. Weaker growth makes generating the revenue Government needs to support its sizable spending plans more difficult, increasing the chances of further tax rises in the autumn Budget.'
The Sun
19 minutes ago
- The Sun
Rachel Reeves admits she has no clue where Channel migrants will go instead of hotels
RACHEL Reeves yesterday admitted she has no clue where Channel migrants will go instead of hotels. The Chancellor has vowed to scrap their 'costly' use within four years as part of her spending review — but could not say what would replace them. 3 3 3 Pressed on where arrivals would be housed, she passed the buck to Home Secretary Yvette Cooper. Ms Reeves told Times Radio: 'Well, I'm not going to be providing accommodation. "That's for the Home Office to do. 'But the wasteful spending on the most expensive form of accommodation is a terrible use of taxpayers' money.' hotels to house asylum seekers. The move allows Labour to claim it is 'ending' their use while still spending billions. The Guido Fawkes blog said hotels in Bristol and Cardiff would be reclassified as 'normal' migrant accommodation. Home Office sources strongly denied it.
Reuters
26 minutes ago
- Reuters
Police attacked as Northern Irish violence spreads to another town
PORTADOWN, Northern Ireland, June 12 (Reuters) - Rioters attacked police with petrol bombs, rocks and fireworks in the Northern Irish town of Portadown on Thursday, a Reuters witness said, as a fourth night of anti-immigrant violence moved to a different part of the British-run province. Violence first flared on Monday after two 14-year-old boys were arrested and appeared in court, accused of a serious sexual assault on a teenage girl in the town. The charges were read via a Romanian interpreter to the boys, whose lawyer told the court they denied the charge, the BBC reported. One of a number of anti-immigration protests on Thursday was held in Portadown, 50 kilometres from the capital Belfast. A large policing operation of officers in riot gear and armoured vans closed off a number of roads in advance. Debris was strewn across streets and wheelie bins were set on fire. Other protests passed off without major incident, including in Ballymena, the primary flashpoint of the first two nights of more intense violence, local media reported. Paul Frew, a member of the regional assembly from Ballymena, said that while some people gathered on the streets again amidst a big police presence, it was much quieter and that heavy rainfall had helped keep people away. "Hopefully we're through the worst of it," Frew, a member of the Democratic Unionist Party, told the BBC.
