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🔵   The Observer view on the UK economy: don't despair, signs of growth are emerging

Politics

There are hazards ahead, but Rachel Reeves’s big calls in the budget have left the country better placed than the dominant narrative suggestsA downside of living in a country with an extraordinarily one-sided media is that it becomes ever harder not to be affected by the dissing-the-Labour-government-at-every-turn lens through which it sees the world. So it is with the economy. The story that an over-empowered chancellor has made a series of mistakes, so risking near certain economic stagflation, is told with relentless enthusiasm.The statistical revision before Christmas that showed there was no economic growth between July and September is allegedly proof of an economic stasis Rachel Reeves has engendered, while private sector wage inflation suddenly accelerating to ...

The Guardian     Dec 28, 2024