Business and Economics

The notable economists argue that after “ten years of near zero productivity growth” and “public services under intolerable strain” which a “hard Brexit would only make worse,” Britain needs the “serious injection of public investment that the Labour Party manifesto promises.

In a dire warning the IFS added: “even in 2023–24 day-to-day spending on public services outside of health would still be almost 15 per cent lower in real terms that it was at the start of the 2010s."

"Amazon is owned by one of the richest people on the planet but it refuses to treat its workers with dignity and respect", he said.

Contrary to widespread perceptions, the economy performs no worse under Labour than under the Tories—by some measures it does much better.

Retailers have already closed 5,834 shops in 2019, up 77 per cent on the whole of last year.

The announcement comes as the number of manufacturing firms entering insolvency reached a five-year high.

GDP data reveals Britain’s annual economic performance is the weakest since 2010 when it was emerging from a global financial crisis.

Industrial giant Jingye is set to buy British Steel out of liquidation with a £70 million bid.

“This has not happened by chance. There are thousands of jobs that could be created in sustainable energy and renewables, but this government have failed to invest and let our contracts go overseas.”