It marks the latest downbeat verdict on Ms Reeves's performance as Chancellor - and undermines Keir Starmer's claim that Labour has 'fixed the foundations of the economy'.

It marks the latest downbeat verdict on Ms Reeves's performance as Chancellor - and undermines Keir Starmer's claim that Labour has 'fixed the foundations of the economy'.

The Confederation of British Industry said rising costs are set to dampen the government’s growth ambitions