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'Jury's out' on stagnant UK economy as budget hits businesses
Posted
December 22, 2024
Views
45,160
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December 22, 2024
45,160
262
150
0.91%
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9:12Now PlayingThe government's "doom and gloom" messaging and raising business taxes has led to the fall in economic confidence in the UK, former deputy governor at the Bank of England has told Sky News.
Sir Charlie Bean told Sunday Morning with Trevor Phillips it would have better if the Labour government had put the tax onto households rather than businesses in the UK budget but it was between "a rock and a hard place".
Figures show the UK economy has contracted for two months in a row and the Bank of England says there will now be no growth in the last three months of the year, blaming the Budget.
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