Business Secretary Jonathan Reynolds gives grim warning to younger generations as economy continues to stutter

A GENERATION volition miss retired connected feeling amended disconnected arsenic the system continues to stutter, the Business Secretary fears.

Jonathan Reynolds said it meant “you person got to anticipation it is your grandkids alternatively than your kids being amended off”.

It came arsenic the UK narrowly avoided recession, increasing by conscionable 0.1 per cent successful the last 3 months of 2024.

For the erstwhile 4th it was zero.

Overall, GDP per caput fell astir 0.1 per cent successful 2024, authoritative figures showed.

But it comes aft Sir Keir Starmer revealed successful December that raising surviving standards by 2029 was a cardinal priority.

The Tories attacked the authorities demanding a reversal of the hike to employers’ nationalist insurance contributions and dropping caller workers’ rights legislation

Shadow Cabinet Minister Andrew Griffith said the figures showed “that successful conscionable six months Labour person crushed assurance and driven the UK economy into a ditch”.

He added: “To get the UK backmost connected the road, businesses present request urgent enactment to halt the jobs tax and shelve the commercialized union-inspired Employment Rights Bill.”

Rachel Reeves said she was “still not satisfied” implicit the system arsenic determination are inactive concerns whether she volition conscionable her fiscal rules which could pb to Whitehall spending cuts next month.

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