Budget 2024: Here’s why the Tories can’t fix the British economy – they broke it

Budget 2024: Here’s why the Tories can’t fix the British economy – they broke it

Rishi Sunak and Jeremy Hunt may reveal another budget today, but one thing is already clear: they simply don’t have the answers to Britrain’s struggling economy.

After 14 years in power, the Tories have guided our country into an avoidable recesssion, and have run out of ideas to turn things around.

Now working people are paying the price for Conservative failure after Conservative failure.

With a general election around the corner, Sunak and Hunt may think they can offer up sticking-plaster policies to calm their own divided backbenches, but time and again they have refused to put forward the long-term plans that can fix the problems we face.

The reason for that is simple: the Tory Government broke the economy in the first place.

Under Rishi Sunak:

  • Household monthly mortgage payments are on the up
  • Prices are still rising in the shops
  • The tax burden is the highest in 70 years

Sunak promised to grow the economy: Rishi’s recession means he has broken that promise. There have already been 25 Tory tax rises since the last election – the average family is worse off under the Conservatives’ tax plan.

What Jeremy Hunt reveals on Wednesday won’t make up that shortfall.

It’s time for change.

Under Keir Starmer, Labour has changed. Labour is now the party of fiscal responsibility and will set tough new spending rules to keep the cost of living and mortgage rates as low as possible as the foundation to grow the economy.

Labour has a long-term plan to get Britain building again. A Labour government would cut the cost of living, deliver more jobs, more investment and put more money in people’s pockets.