The UK economy’s gross domestic product (GDP) has now been confirmed to have only grown 0.1 per cent between July and September 2025, matching earlier forecasts, according to the Office for National Statistics (ONS).
Chancellor Rachel Reeves has made economic growth central to her fiscal agenda but economists have criticised her tax and spending policies for being contrary to this mission.
Earlier forecasts had projected growth over the third quarter of 2025 to be a meager 0.1 per cent hike but today’s figure from the ONS confirms a notable slowdown in GDP.
Among the more controversial tax raids introduced by the Chancellor over the past year include the hike to National Insurance contributions for employers, which has been blamed for contributing to the lack on jobs on offer for young people.
The Chancellor’s tax policies have been criticised
| GETTY
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