{"id":276390,"date":"2025-11-22T00:57:14","date_gmt":"2025-11-22T00:57:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/276390\/"},"modified":"2025-11-22T00:57:14","modified_gmt":"2025-11-22T00:57:14","slug":"private-sector-slows-consumer-confidence-crashes-borrowing-balloons-and-retail-sales-slump-guido-fawkes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/276390\/","title":{"rendered":"Private Sector Slows, Consumer Confidence Crashes, Borrowing Balloons, and Retail Sales Slump \u2013 Guido Fawkes"},"content":{"rendered":"<p>Five days from the Winter Budget, and fresh reports today show the economy is not exactly \u2018going for growth\u2019 under Labour. S&amp;P Global\u2019s latest PMI <a href=\"https:\/\/www.pmi.spglobal.com\/Public\/Home\/PressRelease\/a1124de6abed4c30a6a9bcaeb6e67d77?utm_medium=organic&amp;utm_source=social\" rel=\"nofollow noopener\" target=\"_blank\">shows<\/a> there\u2019s been yet another slowdown in private sector activity this month, with services activity hitting a 7-month low, and manufacturing output dropping to a 2-month low. Chris Williamson at S&amp;P Global added: \u201cEconomic growth has stalled, job losses have accelerated, and business confidence has deteriorated\u201d\u2026<\/p>\n<p>At the same time, the GfK Consumer Confidence Barometer <a href=\"https:\/\/nielseniq.com\/global\/en\/news-center\/2025\/consumer-confidence-drops-two-points-in-november-to-19\/\" rel=\"nofollow noopener\" target=\"_blank\">shows<\/a> that all measures of consumer confidence fell in November, and latest ONS figures <a href=\"https:\/\/www.cityam.com\/retail-sales-drop-in-pre-budget-disappointment\/\" rel=\"nofollow noopener\" target=\"_blank\">reveal<\/a> that retail sales unexpectedly fell 1.1% in October. This morning Reeves woke up to find that she had <a href=\"https:\/\/order-order.com\/2025\/11\/21\/government-borrows-more-than-expected-in-october\/\" rel=\"nofollow noopener\" target=\"_blank\">borrowed<\/a> \u00a33 billion more in October than the OBR forecast.\u00a0And, by the way Reeves, a <a href=\"https:\/\/order-order.com\/2025\/11\/21\/blatant-spinner-tom-baldwin-makes-basic-factual-errors-in-reeves-long-read\/\" rel=\"nofollow noopener\" target=\"_blank\">woman<\/a> wrote this story\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"Five days from the Winter Budget, and fresh reports today show the economy is not exactly \u2018going for&hellip;\n","protected":false},"author":2,"featured_media":276391,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[458,84,59,1445,56,54,55],"class_list":["post-276390","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-budget","tag-business","tag-gb","tag-rachel-reeves","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/276390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=276390"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/276390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/276391"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=276390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=276390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=276390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}