The Chancellor has faced accusations of endangering the economy despite a reported 0.7% GDP growth. She contends these figures reflect the UK's potential and strength, albeit acknowledging ongoing challenges. Critics, including Conservative Shadow Chancellor Sir Mel Stride, highlight rising unemployment by 10% and mass redundancies as signs of distress within the economy, contradicted by government claims. Additionally, the IMF and OBR have notably downgraded growth forecasts, triggering concerns over future economic stability and welfare of working families under current leadership, prompting calls for better financial security from advocacy groups.
The Chancellor acknowledged there's "more to do," despite celebrating a 0.7% rise in GDP, amidst criticisms of her economic strategies.
Sir Mel Stride criticized the government, stating that "Labour's jobs tax ... have seen the number unemployed rise by 10%" prompting concerns over the economy.
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