Rachel Reeves in Washington for disaster economic system talks – reside updates | Politics | News | EUROtoday

On Apr 22, 2025

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Mel Stride MP, Shadow Chancellor, stated: “The latest IMF outlook is a worrying indictment of Labour’s economic approach. Less than a year into their government, Britain is already seeing the consequences of Labour’s high-tax, high-spend agenda.

“The IMF has downgraded the UK’s progress forecast, elevating severe considerations concerning the insecurity and course beneath Labour. They have additionally revised up considerably their forecast for inflation. At a time when households are in search of stability and assist, Labour’s insurance policies are stifling progress, pushing up the price of dwelling and leaving us weak to exterior shocks.

“This government inherited the fastest growing economy in the G7 and inflation was bang on target. Instead of building on that progress, Labour is taking Britain backwards with reckless spending, higher inflation and no credible plan for growth.

“Under Kemi Badenoch’s management, the Conservative Party will battle for a stronger, lower-tax economic system that rewards arduous work, encourages funding, and delivers for the British individuals.”

https://www.express.co.uk/news/politics/2044736/economy-meltdown-latest-chancellor-rachel