Rachel Reeves to try to reassure City investors after unexpected UK GDP fall

Chancellor’s Mansion House speech to cite ‘opportunity’ in attempt to shrug off anaemic economic performanceAnalysis: Fall in UK GDP puts focus back on expectations of tax rises in autumn budgetBusiness live – latest updatesRachel Reeves will attempt to shrug off the UK’s anaemic economic performance at her Mansion House speech next week, after the latest official figures showed the economy unexpectedly shrank in May.The chancellor is expected to say the City is at the heart of her vision for sparking economic growth, as she battles to seize back the narrative after worse than expected GDP figures, and a bleak warning from the Office for Budget Responsibility (OBR) about the state of the public finances. Continue reading...

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