Chancellor Rachel Reeves faces criticism as UK economy shows signs of stagnation

Chancellor Rachel Reeves has faced criticism as the UK economy shows signs of stagnation and potential recession. Her initial plan for growth relied heavily on a large house-building campaign, which now appears unfeasible due to a shortage of skilled workers. Recent data indicates a decline in property transactions, undermining Reeves' growth strategy. The upcoming changes to stamp duty are expected to further deter buyers, potentially leading to a slowdown in the housing market. Reeves' policies have raised concerns about rising inflation and increased borrowing costs. Experts warn that her approach could negatively impact various sectors tied to the property market, complicating her goal of fostering economic growth.