Day: June 12, 2025
Chancellor giving interviews as UK economy shrinks by 0.3% as she faces questions over whether taxes might have to rise in the autumn
Good morning. Rachel Reeves, the chancellor, got a good reception from MPs when she addressed them yesterday after delivering her spending review. But she cannot avoid questions about whether taxes might have to rise in the autumn, and growth figures for April out this morning undermine the claim that the economy is turning round.
Reeves is giving interviews this morning. Commenting on the growth figures, she said they were “clearly disappointing”.
Our number one mission is delivering growth to put more money in people’s pockets through our Plan for Change, and while these numbers are clearly disappointing, I’m determined to deliver on that mission.
In yesterday’s spending review we set out how we’ll deliver jobs and growth – whether that’s improving city region transport, a record investment in affordable homes or funding Sizewell C nuclear power station. We’re investing in Britain’s renewal to make working people better off.
