GDP figures show that the UK economy has grown by 0.6 per cent in the first three months of the year – showing our plan is working and if we stick with it, we can continue to make progress in growing the economy, meaning more money for public services and lower taxes for working people.
- New figures show that the economy grew in the first quarter of 2024, with GDP up 0.6 per cent and have the best outlook among European G7 countries over the next six years, with wages growing faster than inflation, energy prices falling and tax cuts worth £900 to the average worker hitting bank accounts. There is no doubt it has been a difficult few years, and whilst there is more to do, by sticking to the plan we can continue to grow the economy.
- Keir Starmer’s Labour would rip up the progress we have made because they do not have a plan for the economy, taking us back to square one creating uncertainty for business and adding more pressure to the cost of living.
Leading tech companies have invested over £2 billion in the UK in a single week, showing our plan is working and we must stick to it so even more global companies continue putting their trust in our economy.
- Under Rishi Sunak and the Conservatives, we brought inflation down from its peak of 11.1 per cent to 3.2 per cent, wages are rising, the economy is outperforming our European neighbours, and we are cutting the double tax on work worth £900 for the average worker to put more money in people’s pockets. That is why businesses are making a safe bet in Britain – from AI to advanced manufacturing, they are putting their trust in our economy. AI firm CoreWeave are investing £1 billion in two new data centres in London with the Siemens Healthineers site marked for a new factory supporting more than 1,300 skilled jobs.
- Whilst we are sticking to our plan on the economy, bringing jobs, driving growth and backing business, labour would introduce 70 French-style union regulations that will ban flexible working, make it harder for small firms to hire new staff and make it much easier for Labour’s union paymasters to strike.