She said: “We are doing what is necessary to bring stability back to the economy, reforming the economy, the planning system, regulation and pensions to encourage investment in our economy, which is the lifeblood of a successful economy.
Andrew Griffith, the shadow business secretary, said Britain was suffering a “living standards recession”, which showed that in just six months “Labour have crushed confidence and driven the UK economy into a ditch”.
At an investment summit in October, Sir Keir said the Government “will make sure that every regulator in this country, especially our economic and competition regulators, takes growth as seriously as this room does”.
The boss of energy giant Ovo said that today’s growth figures are “pretty modest and there are real underlying challenges here for the UK economy”.
David Buttress said the Government has a strong “mission statement” on economic growth but accused it of “contradictory messages”, pointing to tax increases on businesses which come in at the start of April.
