Britain’s economic growth this decade is set to be the weakest it has been in a century – outside of the Covid pandemic and the Second World War – despite Sir Keir Starmer and Rachel Reeves putting it at the centre of their mission for government, a leading think tank has warned.
The warning from the Resolution Foundation, the think tank credited with shaping Labour’s economic policy, comes as the Institute for Fiscal Studies (IFS) has questioned Rachel Reeves’s plan to bring down high levels of borrowing, and warned that tax hikes or spending cuts will be needed in order to boost defence spending.
