Responding to the latest GDP figures, muniya barua, deputy chief executive at businessldn said:
“The economy is in reverse gear and the UK is stuck in a low-growth trap. With the Chancellor confirming there isn’t room for big giveaways in the Autumn Statement, it’s time to get creative on growth enhancing measures. Reversing the decision to end VAT-free shopping for international tourists would give the high street and economy a much-needed boost. The Government must also free up the labour market with more action on childcare by reducing the cost and increasing the availability of quality provision. Finally, rail strikes mean the capital is regularly grinding to a halt, so there must be renewed negotiating effort to break the current deadlock.”