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Pressure is growing Chancellor Rachel Reeves To rotate key economic policies after a new report that suggested that companies are preparing to reduce staff and raise prices.
In another sign Treasury treasury does not lead nowhereThe new British Industry Confederation Report (CBI) indicates that private sector companies expect to face another significant falling activity in the next three months, after they are already dropped compared to the previous three months.
The activity is stable or in decline since mid 2022. Year, which reflects the extended period of stagnation. But the upcoming increase in national insurance contributions stated companies to urgently assess their budgets, CBI said.
The survey has caused renewed calls from the Chancellor to “Turn on the hand brake” on policies published in its autumn budget, where liberal democrats said that the chanceller “must accept that [it] didn’t work “.
Warnings come like Mrs. Reeves Preparation to publish a large announcement of planning reform.
On the eve of speech later this weekThe chancellor promised to “be a bureaucracy that slows down the approval of infrastructure projects”, betting in their economic accreditation on the bloom of urban cities in the hope that it will cause growth in the UK.
It is expected to use their speech support the proposed third runway at Heathrow airport and to support the spread in Gatwick and Luton.
Asked about the plans on the BBC on Sunday, the chest relied on, as she said, speculation, but said that decisions would be the subject of “full collective ministerial responsibilities.
“A lot [has] She changed her aviation, “she said. “Huge investments in electric planes are underway, and the third runway will mean that instead of circulating around London, flights can land on Heathrow.”
Asked if the announcement of the expansion of the airport is inevitable, Mrs. Reeves said, “Well, you will see the plans when we bring them out. But this government has already signed an extension at London City and Stansted airports. Both of those decisions, again, were the decisions that the previous government delayed. ”
The CBI survey indicates a decline in sentiment among the companies after the Governmental Autumn Budget, with some taxes that increasing taxes have undertaken to mitigate higher costs – including price raising, staff investment and release plans.
Daisy Cooper, Voltage Vault Lib Dems, called attention to “Paying the parking brake to undo the false job tax, correctly reformed the undergraduate system of the UK-EU customs union” .
“After the years of conservative economic vandalism, millions were affected by the crisis of the cost of living, but the Labor Chancellor must accept that her budget failed to reverse it,” she added.
Meanwhile, the Tory MP Harriett Baldwin, sitting on the Treasury Chooser, said The Independent “There is still time to draw back from harm [the chancellor] made pensioners, farmers and private sectors. “
“This is another shocking bad appearance of the private sector to which the economy of Great Britain relies on to enable us to grow,” she said.
The business secretary in the shadow Andrew Griffith added: “The number of companies that shout in fear for the future becomes stronger, but the chancellor continues to ignore their applications.
“It is clear to companies that the real growth blocker Rachel Reeves and the mistakes that this government is real.”
However, the defending budget of Mrs. Reeves, MP of Labur Sandher – another member of the Treasury Committee – said the party took over the duty “during the worst domestic crisis in 70 years.”
“The decisions we made to repair this country, as investing in the renewal of our infrastructure that breaks up, takes time to fully feel,” he said The Independent.
“It is also worth waiting for us to see what will actually happen in the coming months. The IMF, for example, believes that we will be the fastest growing great European economy in the coming years. “
The International Monetary Fund was forecast last week that Great Britain’s economy will grow by 1.6 percent in 2025. After less than expected 2024. years.
Although the government consistently defended its budget, saying it would stop her “black hole” in the finals of the country endangers Ms. Reeves economic plans, while business leaders continue to express concern over the upcoming tax increases.
Last week, Head of Next said a hike National insurance rates for employers will make it difficult in April to make people entering their work. And on Thursday, Sainsbury’s posted It was cut 3,000 jobs two months after it was said that Mrs. Reeves budget will cost Egg 140 million.
There is more and more criticism in the agricultural industry, which is why family farm owners are concerned Changes in the rules on inheritance tax since April next year.
Alpesh Palae, the Provisional Deputy Economist for the CBI, warned that there was an “urgent need to return to the momentum in the economy.”
“After the gloomy Christmas, the New Year did not bring any sense of renovation, and companies still expect a significant decline in the activity,” he said.
“Along with the plans to reduce staff continue to raise prices, this risks an increasingly uncompromise for policy makers. Anecdotes suggest that companies are affected by poor demand and caution among consumers, and at the same time continue to adapt to measures announced in the budget. “
CBI, membership organization, which represents large chains to small enterprises, surveyed 990 companies between December and January.
The vault spokesman said, “We have intermeded the budget once a trip to parliament to delete everything and provide stability that is desperately needed by companies without increasing taxes on people’s payment lists.
“By returning political and financial stability, we create conditions for economic growth.
“It is estimated that the business investments in the third quarter increased by 4.5 percent in relation to this time last year, and the research of PWC was confirmed earlier this week that the United Kingdom was the second most important destination for investment after the USA. This is the first time that Great Britain provided this place in the 28-year research history. “