Today, Labour sets out the 5⃣ tests we expect from this government for our economic recovery.
We must use this moment to build an economy that makes the most of the huge potential we have as a country. Thread.
ft.com/content/524d9d…
We must use this moment to build an economy that makes the most of the huge potential we have as a country. Thread.
ft.com/content/524d9d…
The UK had the worst economic crisis in the G7 over the pandemic, and hasn’t bounced back to its pre-crisis GDP per capita.
🇺🇸 US is already there
🇯🇵 Japan will be there in October
🇩🇪 Germany in January
🇬🇧 UK won’t get there till July 2022.
🇺🇸 US is already there
🇯🇵 Japan will be there in October
🇩🇪 Germany in January
🇬🇧 UK won’t get there till July 2022.
Under years of a Tory government, our growth has been slower than that of our peers.
Under this Tory government’s current plans, it will slow even further.
theguardian.com/politics/2021/…
Under this Tory government’s current plans, it will slow even further.
theguardian.com/politics/2021/…
Labour will use our recovery to boost our economy, with our plan to buy, make & sell more in Britain.
We're setting out these tests to make sure the money government spends makes a real difference to the lives of ordinary people. They are that⬇️
mirror.co.uk/news/politics/…
We're setting out these tests to make sure the money government spends makes a real difference to the lives of ordinary people. They are that⬇️
mirror.co.uk/news/politics/…
1⃣ Our British industries should thrive.
That means an expansion of manufacturing output, jobs and exports, including in high-growth sectors of the future like green technology and digital services.
That means an expansion of manufacturing output, jobs and exports, including in high-growth sectors of the future like green technology and digital services.
2⃣ People should have secure jobs and real choices around work.
That means a stable income, growth in occupations that pay well but that you don’t need a degree for, and improved pay and conditions.
That means a stable income, growth in occupations that pay well but that you don’t need a degree for, and improved pay and conditions.
3⃣ Everyone should feel the benefits of higher pay and a lower cost of living.
We need a reduction in the number of households, children and pensioners in poverty, falling levels of problem debt, and higher wages.
We need a reduction in the number of households, children and pensioners in poverty, falling levels of problem debt, and higher wages.
4⃣ Nowhere should miss out as the recovery takes shape.
Despite Boris Johnson’s promises, the economic performance of the highest and lowest regions is forecast to widen over the course of this Parliament. That cannot be allowed to happen.
Despite Boris Johnson’s promises, the economic performance of the highest and lowest regions is forecast to widen over the course of this Parliament. That cannot be allowed to happen.
5⃣ The economic recovery must be sustainable.
We need real, tangible progress towards our net zero goals, while building stronger, more resilient communities with greater wellbeing, and falling rates of loneliness and social isolation.
We need real, tangible progress towards our net zero goals, while building stronger, more resilient communities with greater wellbeing, and falling rates of loneliness and social isolation.
We face immense challenges as we look to recover.
But despite this government’s recklessness and disregard for ordinary people, I know we will overcome them.
Labour’s five tests set out a pathway to a stronger, fairer and more resilient economy where everyone can prosper.
But despite this government’s recklessness and disregard for ordinary people, I know we will overcome them.
Labour’s five tests set out a pathway to a stronger, fairer and more resilient economy where everyone can prosper.
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