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UK GDP Shrinks Amidst Blame Game Over Labour's Budget
The UK's GDP unexpectedly shrank by 0.1 percent in January, prompting Chancellor Rachel Reeves to blame geopolitical factors. However, critics point to her October budget's £40 billion tax increase and £72 billion spending plan as the main culprits, potentially leading to a recession.
UK GDP Shrinks Amidst Blame Game Over Labour's Budget
The UK's GDP unexpectedly shrank by 0.1 percent in January, prompting Chancellor Rachel Reeves to blame geopolitical factors. However, critics point to her October budget's £40 billion tax increase and £72 billion spending plan as the main culprits, potentially leading to a recession.
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