Click to read the article in full.
Following figures published by the Office for National Statistics showed GDP grew less than economists anticipated at 0.1% in the three months until September, East Midlands Chamber has given its reaction.
Director of Policy and Insight Richard Blackmore said: “When combined with the increased costs to businesses on the horizon, including National Insurance contributions, as announced in the Autumn Budget, the fact we’re seeing slowing economic growth is another red-flashing bulb, especially when the new government’s whole mantra is about growth.
“Figures published earlier this week showed a slight rise in East Midlands unemployment among over 16’s to 4.6%, and when you add higher recruitment costs for businesses to soon contend with and this slowdown in economic growth, the need for action from political leaders is underlined.
“While we had
link source - East Midlands Chamber https://www.emc-dnl.co.uk/wp-content/uploads/2024/11/iStock-1346853640-3.jpg