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The Independent UK
The Independent UK
World
David Hughes

INSANE: Firms offer no festive cheer to reeves with gloomy outlook for 2025 | Rare Historical Photos

Rachel Reeves CBI Budget Economy Environment PA Graphics
Chancellor of the Exchequer Rachel Reeves at the Confederation of British Industry (CBI) conference at the QEII Centre, London (Stefan Rousseau/PA) - (PA Wire)

Businesses have issued a stark warning to Rachel Reeves that the economy is “headed for the worst of all worlds” with activity expected to fall sharply in the first three months of 2025.

A major survey by the Confederation of British Industry (CBI) found firms expected to reduce both output and hiring.

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