Foundation
Economic
stability
Labour is turning the page on economic chaos. Every decision we make in government is guided by our commitment to strong fiscal rules.
Our work so far
-
Cutting borrowing to restore stability to the economy
Labour will never play fast and loose with the public finances. The last Conservative Government made reckless unfunded commitments, which plunged markets into chaos and sent inflation and interest rates skyrocketing. That is why we are sticking to strict spending rules and reducing borrowing in every year of this Parliament.
-
Economic Stability
Raising living standards for families
Wages rose more in the first year of this Labour Government than in the first ten years of the Conservatives. With Labour, interest rates have been cut five times, easing pressure on mortgages and borrowing for millions.
-
Economic Stability
Ending Tory austerity and investing in Britain’s renewal
We are turning the page on years of Tory austerity, with record funding for the NHS, the biggest investment in social and affordable housing in a generation, and major upgrades to transport infrastructure and energy security.
-
Economic Stability
Three new trade deals to boost jobs and growth
Labour has a clear focus on building new relationships that benefit the UK. Our new trade deals with the EU, India and the USA will boost our economy by £13.8 billion a year, unlocking investment in British industries, opening markets for British businesses, and creating more well paid, secure jobs for British workers.
-
Economic Stability
Emergency action to support British steel
Labour is backing British steel and has taken decisive action to support workers in our steel industry. We recalled Parliament to protect jobs in Scunthorpe, secured a better deal for Port Talbot workers, and launched a new Steel Council to shape a dedicated steel strategy – backed by up to £2.5 billion from the National Wealth Fund.
Why this is important
A strong, stable economy is the foundation for creating better paid, more secure jobs in every part of the UK. It drives our country forward, putting money in people’s pockets, helps families thrive and builds a stronger country.
Labour has turned the page on the years of Tory economic chaos. Every commitment that Labour makes in government is based on sound money and economic stability. This is a non-negotiable principle for our changed Labour Party.
Check out what else we've done to stabilise our economy:
Saving 2,700 steel jobs in Scunthorpe
View story
Protecting UK jobs with landmark US economic deal
View story
Multi – million pound boost to UK economy with India trade deal
View storyPlan for Change
Our Plan for Change sets out ambitious but achievable milestones that will be reached by the end of this Parliament as we drive forward towards delivering on our key national missions, making real improvements to the lives of working people.
Built on the foundations of economic stability, secure borders and national security, this is what Labour will deliver by the next election:
HEAR MORE FROM US
Sign up to receive email updates of Labour’s newest announcements, fundraising and campaigning information.
