The TRUTH about the Tories’ record on the economy: low growth, tax rises and stagnant wages. Britain needs Labour’s Better Off Plan

Rishi Sunak and Jeremy Hunt claim that the Tories have a plan for the economy – but Wednesday’s Autumn Statement showed that they have not learned the lessons from their own dismal record in government.

After 13 years of Tory economic mismanagement, working people are worse off, and now have to bear the highest tax burden since the Second World War.

And with stagnant wages and low economic growth, people across Britain are feeling the brunt of a cost of living crisis.

Jeremy Hunt’s Autumn Statement failed to address the issues at the heart of the British economy causing these problems for working families.

There’s a simple reason for that: the Tory Government is the cause of those problems.

Since 2019 alone, the Conservatives have introduced 25 new tax rises.

“The fact is tax rises will be higher at the next election than the last,” Shadow Chancellor Rachel Reeves told the House of Commons.

Unlike Sunak and Hunt, a Labour government would tackle the cost of living and grow our economy, prioritising plans to boost wages, bring down bills and make working people better off.

Labour will invest in clean energy, build more homes and cut NHS waiting lists so people can get back to work.

Only Labour can be trusted to end the managed decline of the Tories, grow the economy and make working people better off.

“The Chancellor claims the economy has ‘turned a corner’, yet the truth is that under the Conservatives growth has hit a dead end,” Reeves said in her Autumn Statement response.

“What has been laid bare today is the full scale of the damage that this government has done to our economy over thirteen years. 

“And nothing that has been announced today will remotely compensate.

“Mortgages rising. Taxes eating into wages. Inflation high, with prices still going up in the shops. Public services on their knees. And too many families barely managing to make ends meet. 

“As the sun begins to set on this divided, out of touch, weak government, the only conclusion the British people will reach is this: After thirteen years of the Conservatives, the economy simply isn’t working.

“And, despite all the promises today, working people are still worse off.”

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