In the first three months the party was in power, Britain's economy did not grow at all.
This figure for July to September was a revised down estimate, after it was previously believed the economy grew 0.1% during this period.
The UK and Italy were the only G7 countries to register no growth in that time, performing significantly worse than rivals such as Germany, France and the US.
Rachel Reeves insisted that the terrible numbers were only "fuelling [the Government's] fire to deliver".
She insisted: "The challenge we face to fix our economy and properly fund our public finances after 15 years of neglect is huge. But this is only fuelling our fire to deliver for working people. The Budget and our Plan for Change will deliver sustainable longterm growth, putting more money in people's pockets through increased investment and relentless reform."
This story is from the December 24, 2024 edition of Daily Express.
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This story is from the December 24, 2024 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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