akpturbo.blogg.se

…by removing obstacles that stop businesses investing

That’s why growth is one of the Prime Minister’s five priorities for our country. Not just the growth that comes when you emerge from a downturn.īut long term, sustainable, healthy growth that pays for our NHS and schools, finds jobs for young people, and provides a safety net for older people all whilst making our country one of the most prosperous in the world. Today, we deliver the next part of our plan. That averages over £3,300 of cost-of-living help for every household in the country. Taken together, these measures are worth £94 billion over this year and next – one of the largest support packages in Europe. In the face of a cost-of-living crisis we have demonstrated our values by protecting struggling families with a £2,500 Energy Price Guarantee, one-off support and the uprating of benefits with inflation. We are following the plan and the plan is working. They forecast we will meet the Prime Minister’s priorities to halve inflation, reduce debt and get the economy growing. Today the Office for Budget Responsibility forecast that because of changing international factors and the measures I take, the UK will not now enter a technical recession this year. The International Monetary Fund says our approach means the UK economy is on the right track.īut we remain vigilant, and will not hesitate to take whatever steps are necessary for economic stability. Since mid-October, 10-year gilt rates have fallen, debt servicing costs are down, mortgage rates are lower and inflation has peaked. In the autumn we took difficult decisions to deliver stability and sound money. Madam Deputy Speaker, in the face of enormous challenges I report today on a British economy which is proving the doubters wrong.