There is no doubt it has been a difficult few years, but today’s growth figures are proof that by sticking to the plan the economy is turning a corner for the first time since the pandemic.
UK GDP is estimated to have increased by 0.6 per cent in the first quarter of 2024 meaning the UK has the joint fastest growth in the G7 and we have recorded the fastest quarter-on-quarter growth rate in over two years – meaning more jobs and prosperity across Britain.
Sir Keir Starmer’s Labour Party would rip up the progress we have made because they do not have a plan, they would take us back to square one with higher taxes, higher unfunded spending and no plan for growth.
That is why we need to stick with the plan for growth:
- Cutting taxes for 29 million working people this year, rewarding hard work across the country with a £900 annual tax cut for the average worker.
- Breaking down the barriers to work by introducing 30 hours free childcare for parents of children aged nine months until they start school saving families an average of £6,900 per year.
- Protecting the Triple Lock and uprating the State Pension by £900 from April 2024 protecting pensioners' incomes.
- Freezing fuel duty for the fourteenth consecutive year saving families over £1,000 since 2010.
- Delivering an £11 billion a year business tax for businesses that invest in Britain, helping to create more jobs in Britain.
