Shadow Chancellor Rachel Reeves has come under intense scrutiny after new figures revealed the UK economy grew by just 0.1% in the latest quarter - far below expectations. The disappointing growth rate has sparked fresh debate about Labour's economic credibility.
Economic Headwinds Challenge Labour's Plans
The Office for National Statistics data shows a significant slowdown from the previous quarter's 0.3% growth, with key sectors including manufacturing and construction struggling. This weak performance comes at an awkward time for Reeves, who has positioned herself as a 'safe pair of hands' on economic matters.
Conservatives Seize on Weak Numbers
Tory ministers were quick to pounce on the figures, with Chancellor Jeremy Hunt claiming they demonstrate the risks of Labour's proposed tax and spending policies. 'This slowdown shows we need to stick with our plan for long-term growth, not risk it with Labour's unfunded spending spree,' Hunt told reporters.
Experts Divided on Causes
Economists offered mixed interpretations of the weak growth:
- Some blame ongoing global economic uncertainty
- Others point to domestic factors including high interest rates
- A minority suggest the figures may be revised upwards later
Reeves defended her economic strategy, insisting Labour's plans for green investment and skills training would boost productivity. However, with growth now barely above zero, the pressure is mounting on the shadow chancellor to provide more detail about how Labour would stimulate the economy.
