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The Guardian - UK
The Guardian - UK
Business
Richard Partington

People have been saving more, thanks to pay growth and cooling inflation, but they need to feel the benefits

£50 pound note seedling growing in an earthenware terracotta flower pot
Some economists caution against reading too much into disappointing official growth figures. Photograph: Paul Rapson/Alamy

Not everything has gone smoothly for Keir Starmer. At the end of Labour’s first calendar year in power since Gordon Brown was in Downing Street a decade and a half ago, the prime minister is on the back foot after a run of disappointing economic updates.

With a backlash over several unpopular tax and spending decisions, and as pressure mounts for a change in course early in the new year, the new government is in danger of losing control of its primary mission to revive Britain’s misfiring economy.

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