fromLondon Business News | Londonlovesbusiness.com
5 months agoRachel can't tax her way out of a downward economic spiral in the Budget - London Business News | Londonlovesbusiness.com
The Office for National Statistics (ONS) latest report shows that growth is down to just 0.1%, unemployment is up to 5% and the expectation is it that this will not improve. The economy is in a downward spiral; Labour cannot pull the country out of the fiscal black hole with tax rises alone, ultimately, spending needs to come down and fast.