Building a Stronger Economy
When the Conservatives came into government the country was borrowing over £150 billion a year and unemployment had increased by nearly half a million. Britain had suffered the deepest recession since the war and had the second biggest structural deficit of any advanced economy.
But we now have a modern Industrial Strategy to create better, higher paying jobs. The economy has grown by almost 17 per cent, unemployment rate has reached its lowest level since and we are seeing debt start its first sustained fall in a generation – a turning point in our recovery from Labour’s mess.
Only the Conservatives will continue to take the balanced approach our economy needs to support businesses to create better, higher paying jobs, ensuring our future security and prosperity.
Since 2010, we have been building a stronger economy after Labour’s recession:
The deficit has been cut by three-quarters, helping us live within our means. Over the last eight years, we’ve reduced our deficit by over £110 billion.13
Our economy has now grown for eight consecutive years, and is nearly 17 per cent bigger than it was in 2010.
But we know there’s more to do, so we are getting control of the public finances while investing in our public services and supporting families with the cost of living.
On average over 1,000 jobs a day have been created, the number of young people out of work has fallen on average by around 140 a day, while unemployment is at a 40 year low.
The number of people in fulltime work is up and the rate of women in work is up by 1.2 million – meaning more people have the security of a job.
Debt is now starting its first sustained fall in 17 years, but we need to keep it falling so we can spend more on public services instead of debt repayments. As a share of GDP, our debt will fall to 85.5 per cent and then fall for every year in the Parliament.
We are backing businesses to create better, higher paying jobs. Businesses create jobs, pay taxes that fund our public services, and provide the products people want – so we are backing them with our modern Industrial Strategy and a £31 billion National Productivity Investment Fund.
After our review of modern ways of working, millions of workers will get new rights. We have strengthened corporate governance to ensure all businesses play by the rules – taking action on executive pay and strengthening workers’ voices in the boardroom.
But we now have a modern Industrial Strategy to create better, higher paying jobs. The economy has grown by almost 17 per cent, unemployment rate has reached its lowest level since and we are seeing debt start its first sustained fall in a generation – a turning point in our recovery from Labour’s mess.
Only the Conservatives will continue to take the balanced approach our economy needs to support businesses to create better, higher paying jobs, ensuring our future security and prosperity.
Since 2010, we have been building a stronger economy after Labour’s recession:
The deficit has been cut by three-quarters, helping us live within our means. Over the last eight years, we’ve reduced our deficit by over £110 billion.13
Our economy has now grown for eight consecutive years, and is nearly 17 per cent bigger than it was in 2010.
But we know there’s more to do, so we are getting control of the public finances while investing in our public services and supporting families with the cost of living.
On average over 1,000 jobs a day have been created, the number of young people out of work has fallen on average by around 140 a day, while unemployment is at a 40 year low.
The number of people in fulltime work is up and the rate of women in work is up by 1.2 million – meaning more people have the security of a job.
Debt is now starting its first sustained fall in 17 years, but we need to keep it falling so we can spend more on public services instead of debt repayments. As a share of GDP, our debt will fall to 85.5 per cent and then fall for every year in the Parliament.
We are backing businesses to create better, higher paying jobs. Businesses create jobs, pay taxes that fund our public services, and provide the products people want – so we are backing them with our modern Industrial Strategy and a £31 billion National Productivity Investment Fund.
After our review of modern ways of working, millions of workers will get new rights. We have strengthened corporate governance to ensure all businesses play by the rules – taking action on executive pay and strengthening workers’ voices in the boardroom.
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