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Labor is poised to put the economy at the center of its general election campaign in a bid to break away from the Jeremy Corbyn era and prevent the Conservatives from reaping the benefits of high growth and low inflation.
New figures released this week are expected to show the UK is no longer in recession, while updated inflation data later in the month could show price growth has returned to target levels. There is sex.
The Bank of England is also not expected to cut interest rates when it makes its latest decision on Thursday, but it is expected to do so in time for the general election, which is likely to be in October or November.
Rishi Sunak and Jeremy Hunt will use this development to argue that the Conservatives have put Britain’s economy back on a positive trajectory after the cost of living crisis.
But speaking yesterday, Shadow Chancellor of the Exchequer Rachel Reeves claimed ministers were ignoring how the public felt about public finances.
She said: “Rather than believing the Prime Minister’s claims that we have turned a corner, the question people are asking going into the next election is simple.
“Do you feel like you and your life are better than they were 14 years ago? Are our hospitals, schools, police departments working better than they did 14 years ago? Is anything in Britain working better than when the Conservatives were in power?”
She accused the Conservatives of being “managers of decline” and vowed to “put a laser focus on the barriers to economic growth”.
Labor leaders said the party plans to continue campaigning around the economy.
Officials said I: “Firstly, it remains the most important issue for voters, just above the NHS. Secondly, it remains the key policy issue of how Britain can actually get the economy growing again. There’s a problem. And thirdly, there’s a political perception that Labor never talks about the economy, and we want to change that.”
Opinion polls before the last general election showed that a minority of voters trusted then-Labour leader Corbyn on the economy, despite the popularity of many of his personal tax and spending policies. .
Mr Reeves insisted that despite its focus on economic growth, Labor would also push ahead with a package to strengthen employment rights, which has been welcomed by trade unions but opposed by business groups. did.
She said: “The truth is that too many companies have already gone far beyond what is set out in the New Deal for Working People.
“Companies will get nothing out of new contracts for working people because they don’t have zero-hours contracts, they don’t use layoff and rehire practices, and they give better rights in terms of sick pay, for example. do not be afraid.”
“However, it will ensure a level playing field for companies that adopt this approach, ensuring that they do not undermine their competitiveness through, for example, zero-hour contracts or layoffs and rehires.”
Mr Hunt spoke in the House of Commons, defending the government’s economic performance.
He said: ‘The biggest thing we can do to help people suffering from cost-of-living pressures is to reduce inflation, which the Shadow Chancellor this morning said was no big deal to achieve. However, it appears that he was able to escape.” Inflation falls to target.
“This is a huge problem for families facing a cost-of-living crisis, and she needs to know that inflation is going down by design, not by accident.”
The Chancellor claimed that “people on average salaries have the lowest effective tax rate since 1975”, but accused Mr Reeves of putting the state pension at risk with his promise to abolish National Insurance in the future.