Labour has been given a ‘brutal reality check’ after the economy slammed into reverse – leaving the country at risk of recession.
A report by the Confederation of British Industry found factory orders are falling at the fastest pace since September 2020 during the depths of the Covid-19 pandemic.
Separate figures from S&P Global showed the private sector in decline for the first time in over a year as business faces ‘a perfect storm’ from political chaos at home and conflict in the Middle East.
S&P Global said the economy is on course to contract by 0.2 per cent in the second quarter
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