The latest GDP figures from the ONS confirm what many of us have feared: the UK economy is flirting with stagflation. After two months of contraction, November saw a feeble 0.1% growth, a figure so underwhelming it could hardly inspire confidence.
The reality is stark-stagnant economic activity paired with stubborn inflation is eroding confidence, threatening investments, and suffocating the potential for meaningful growth. The government's failure to stimulate robust growth and curtail inflation risks entrenching stagflation, a dangerous economic condition that is uniquely punishing for businesses and investors.
Without immediate and decisive intervention, the UK could lose its competitive edge on the global stage, further undermining investor confidence and limiting capital inflows.
High corporation tax rates, coupled with the planned employer tax hikes in April, are strangling the ability of companies to reinvest in their growth. These taxes erode returns and send a clear message: the UK is not prioritising business-friendly policies.
Collection
[
|
...
]