GDP: Economic downturn puts “storm clouds” over businesses

EMBARGO: Immediate Release

Responding to the latest economic figures that show the UK economy shrank by 0.1% in May, Liberal Democrat Treasury Spokesperson, Daisy Cooper MP, said:

“This economic downturn puts storm clouds over the heads of many hardworking business owners and workers who have been rocked by the mistakes of this Government.

“The Chancellor’s jobs tax was completely misguided and the government’s snail’s pace approach to reducing trade barriers with Europe is holding back economic growth.

“The Chancellor needs to urgently deliver on the economic growth she promised.”

ENDS

Notes to Editor:

Please see reporting here: https://x.com/ons/status/1943550944484167888?s=46&t=SfbSJLjDt4SA15j2G9EAwQ: