The UK’s economic growth has fallen from 0.7% in the first quarter of 2025 to 0.1% in the third quarter. This is a significant decline that has caused concern among economists and political representatives alike.
Janet Finch-Saunders, the Member of the Welsh Parliament for Aberconwy, commented on these figures:
“These latest figures, ahead of the UK Budget, are extremely disappointing, with the weakening of the economy also shown by the UK no longer outperforming the rest of the G7.
“While the Chancellor, Rachel Reeves, has failed to rule out the possibility of further tax increases in the Budget, it is clear that the UK and Welsh economies are already suffering as a result of the last increases. The tourism and hospitality sectors, in their tourism barometers, have reported that people have less disposable income to spend, and there has been a decline in job adverts being filled.
“The Chancellor and Prime Minister are causing residents and businesses genuine economic hardship. They need to stop, and use the next budget as an opportunity to undo the damaging policies announced last year, and replace them with pro-business, pro-growth, pro-jobs alternatives”.
ENDS
Photo: Janet Finch-Saunders MS/AS
