In our first year Labour fixed the foundations – now we must build a stronger economy for a renewed Britain | Rachel Reeves
Guardian1 day
UK Economy Grows 0.3% in Q2
Above: Chancellor of the Exchequer Rachel Reeves on July 15, 2025 in Leeds, England. Image copyright: Oli Scarff/WPA Pool/Getty Images
The Spin
Pro-government narrative
Above-expectation GDP results show that Labour's economic strategy is working. While modest, growth remains stable and proves the U.K. is moving in the right direction despite the misleading claims of managed decline. Although there is a way to go, Britain's economic foundations are being rebuilt for a sustainable and prosperous future.
Government-critical narrative
Q2's growth masks serious problems, driven by unsustainable government spending while private investment falls. Business costs have soared from tax raids and wage hikes, crushing real enterprise. The U.K. is becoming dangerously dependent on public sector expansion rather than genuine productivity, an artificial bubble destined to burst.