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The Official DOOM: Autumn Statement (heavy tax increases)
“Labour: UK is stuck in a 'Conservative doom loop'
Pat McFadden, Labour's shadow chief secretary to the Treasury, claimed the nation is stuck in a "Conservative doom loop".
He told Sky News: "It is not just about the last 12 weeks. One of the reasons we are in this posoition is because we have had low economic growth for years.
"We are the only G7 country that hasn't recovered its pre-Covid economic position yet and that longer term weakness is actually the more fundamental backdrop to some of the decisions that we are going to hear today.
"Unless we get out of that pattern of low growth, we are stuck in this Conservative doom loop of emergency statements with tax rises and spending cuts and all the rest of it."”
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