GDP: Economic downturn puts “storm clouds” over businesses

11 Jul 2025

EMBARGO: Immediate Release

Responding to the latest economic figures that show the UK economy shrank by 0.1% in May, Liberal Democrat Treasury Spokesperson, Daisy Cooper MP, said:

“This economic downturn puts storm clouds over the heads of many hardworking business owners and workers who have been rocked by the mistakes of this Government.

“The Chancellor’s jobs tax was completely misguided and the government’s snail’s pace approach to reducing trade barriers with Europe is holding back economic growth.

“The Chancellor needs to urgently deliver on the economic growth she promised.”

ENDS

Notes to Editor:

Please see reporting here: https://x.com/ons/status/1943550944484167888?s=46&t=SfbSJLjDt4SA15j2G9EAwQ:

 


 

 

Desks a computers in front of a wall painted with the bird of liberty

Back to press releases

View
A person using a laptop

Contact the press office

View

This website uses cookies

Like most websites, this site uses cookies. Some are required to make it work, while others are used for statistical or marketing purposes. If you choose not to allow cookies some features may not be available, such as content from other websites. Please read our Cookie Policy for more information.

Essential cookies enable basic functions and are necessary for the website to function properly.
Statistics cookies collect information anonymously. This information helps us to understand how our visitors use our website.
Marketing cookies are used by third parties or publishers to display personalized advertisements. They do this by tracking visitors across websites.