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Billionaire Labour-backer says 'business unfriendly' Budget hit growth

Summary by City AM
A billionaire backer of the Labour party has said the government’s “business unfriendly” policies have hit economic growth following another bleak release of data. John Caudwell, the founder of Phones 4u, said Labour “really need to change the tune of what they’re doing” to kickstart growth and appeal to businesses. It follows the latest release from the Office for National Statistics (ONS) revealing the UK economy shrank 0.1 per cent in October…
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City AM broke the news in London, United Kingdom on Friday, December 12, 2025.
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