'Jury's out' on stagnant UK economy as budget hits businesses

The government's "doom and gloom" messaging and raising business taxes has led to the fall in economic confidence in the UK, former deputy governor at the Bank of England has told Sky News. Sir Charlie Bean told Sunday Morning with Trevor Phillips it would have better if the Labour government had put the tax onto households rather than businesses in the UK budget but it was between "a rock and a hard place". Figures show the UK economy has contracted for two months in a row and the Bank of England says there will now be no growth in the last three months of the year, blaming the Budget. For more politics news, visit Sky's Politics Hub: https://news.sky.com/story/politics-starmer-labour-badenoch-tories-interest-rate-budget-latest-live-hub-12593360 #ukeconomy #uklabour #skynews SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales