OECD: Chancellor cannot ignore “steady drumbeat of economic misery”

EMBARGO: Immediate Release

Responding to the OECD revising down their 2025 growth forecast for the UK by 0.3 percentage points to 1.4%, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

“The Chancellor cannot ignore this steady drumbeat of economic misery any longer. Trump’s senseless tariffs and the Government’s own economic policies are acting as an anchor on any meaningful growth.

“At the Spring Statement, Rachael Reeves cannot bury her head in the sand. She must admit that her Budget has failed to break from the years of Conservative economic vandalism.

“The Chancellor must change course by first scrapping her growth-crushing jobs tax which is about to hammer small businesses, and second, by embracing the idea of a bespoke UK-EU Customs Union which would unleash growth. 

“Only then will we see the growth needed to rebuild our public services and properly protect family finances.”

ENDS