Closing post:
Time to wrap up.... here are today’s main stories, first on the IMF’s growth downgrades:
...the UK’s travel disruption...
...inflation and the rising cost of living...
...the energy crisis in Europe, and the UK....
...and the ongoing impact of Brexit on the UK economy:
We’ll be back tomorrow.... GW
Rachel Reeves MP, Labour’s Shadow Chancellor, has responded to the IMF forecast that the UK is set for the slowest growth of G7 economies next year (see here for details):
“Today’s forecast underlines yet again how 12 years of Conservative governments have left our economy weaker than our competitors and less resilient.
“To give Britain the fresh start it needs, we need a new approach - one based on growth, because low growth economies cannot rise to meet the challenges of the future.
“The choice at the next election will be between Labour growth and Tory stagnation.
“With our Climate Investment Pledge and plan to buy, make and sell more in Britain, Labour will deliver the strong, secure and fair growth our country needs.”
