The Observer view on the autumn budget: Labour must break this cycle of sluggish growth
Briefly

from www.theguardian.com1 month ago
The poorest tenth of working-age households will be £600 a year worse off on average in 2029 than they were in 2023, with no real income growth in over 25 years.
www.theguardian.comhttps://www.theguardian.com/commentisfree/article/2024/sep/01/the-observer-view-on-the-autumn-budget-labour-must-break-this-cycle-of-sluggish-growth
For median working-age households, incomes are predicted to grow by just 0.8% a year on average over the parliament, significantly lower than the previous growth rates experienced between 1997 and 2009.
www.theguardian.comhttps://www.theguardian.com/commentisfree/article/2024/sep/01/the-observer-view-on-the-autumn-budget-labour-must-break-this-cycle-of-sluggish-growth
The economic situation inherited from the Conservatives is challenging, with poor forecast growth and unfunded spending commitments, leaving Labour ministers with very difficult choices.
www.theguardian.comhttps://www.theguardian.com/commentisfree/article/2024/sep/01/the-observer-view-on-the-autumn-budget-labour-must-break-this-cycle-of-sluggish-growth
Decades of low productivity growth, poor business investment, and the consequences of a hard Brexit have compounded the situation, further impacting economic growth and living standards.
www.theguardian.comhttps://www.theguardian.com/commentisfree/article/2024/sep/01/the-observer-view-on-the-autumn-budget-labour-must-break-this-cycle-of-sluggish-growth
Read at www.theguardian.com
#economic-outlook #living-standards #labour-party #government-policies #inequality
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