Keir Starmer has referred to the government’s growth mission as “patriotic” amid fears the UK economy is stagnating.
The UK economy is not expected to have recorded any growth in the month of July as leading analysts suggest that a lack of clarity over Labour’s future policies are hitting firms – despite a call from the prime minister for ministers to take on a “patriotic duty” to drive growth.
Rachel Reeves and Keir Starmer will be hoping to see a surge in growth in the lead-up to the Autumn Budget, defying expectations and fending off criticism that they are overseeing decline.
But a Bloomberg consensus for the month of July suggests that the UK economy was stagnant, with GDP expected to remain unchanged.
Deutsche Bank’s Sanjay Raja said there would be a “course correction” in tr