"This an unnerving result for those expecting more consistent recovery in the sector but with the slowest growth in new orders this year, pipelines of work are beginning to look emptier and threaten to affect production in the months ahead.”
The figure had been expected to hit 6.7 per cent in the 12 months to March, but it actually rose to 7 per cent.
“It is an odd choice to have offered basically next to nothing to low-income households in this spring statement," one said.
ONS figures also show that exports to the EU decreased by £2.5 billion, a 8.7 per cent drop.
It means the country's sovereign debt is now considered to be below investment grade, or in "junk" territory.
“Ultimately, a migration strategy is not a substitute for an economic strategy."
To the dismay of households and businesses, energy tariffs spiked while steep hikes in the cost of oil also saw fuel prices shoot up.
The chancellor’s flagship policy will "alter the location rather than the volume of economic activity", the Office for Budget Responsibility concludes.
The total value for businesses from the agreement would be “less than half the cost of Boris Johnson’s new yacht”, Emily Thornberry claimed.
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© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.