Britain is ‘leading the way’ internationally – that’s the verdict of Christine Lagarde, head of the International Monetary Fund.
Miss Lagarde said that Britain is one of only ‘a few countries… driving growth’ in the global economy.
She added that, in the UK, ‘clearly growth is improving, the deficit has been reduced, and… unemployment is going down’.
'This is exactly the sort of result that we would like to see: more growth, less unemployment, a growth that is more inclusive, that is better shared, and a growth that is also sustainable and more balanced’ (Source: Telegraph.co.uk, 15 Jan 2015).
The IMF have also warned of the very strong headwinds facing the global economy – with slow growth in Europe, slower growth too among the emerging economies, and the challenges in Russia and the Ukraine.
But amid this turbulence, it’s encouraging news that Britain is one of the fastest-growing economies in the western world.
Since 2010, we’ve helped create on average 1,000 jobs every day. There are now 1.75 million more people in work with the security of a regular wage to provide for themselves and their families.
All this progress is due to the hard work of the British people and because we’ve continued to work through our long-term economic plan.
That’s why it’s so important that we stick to the plan in 2015 and beyond – otherwise we risk our children being left with fewer opportunities to get on in life and more debt than they can could ever hope to repay.
So let’s keep working through the plan – and keep leading the way in the global economy.
Labour are in chaos on the economy.
1. They have no plan to clear the deficit
‘Gun licence changes’ – that’s what Labour Minister Chris Leslie said when asked how a Labour government would clear the deficit (Daily Politics, 13 Jan 2015).
But, according to Labour’s own sums, this would eliminate just 0.019% of the current deficit – and it’s money that Labour have already committed to spending.
It shows that Labour have no credible plan to clear the deficit and would hit future generations with more debt.
2. Their energy price freeze has unravelled
The cheapest energy tariff is now £100 cheaper than a year ago – meaning that if Labour had frozen prices, customers would be £100 a year worse off.
Labour’s high price freeze shows that Ed Miliband cannot competently manage the economy. Under Labour, bills would have been frozen and hardworking families would not feel the benefit of lower energy prices. Labour must abandon this economically illiterate policy now.
3. They admit they'll tax you MORE
When Ed Miliband was asked if a Labour government would raise taxes, he said:
‘Indeed. Indeed’ (The Andrew Marr Show, 11 Jan 2015).
And Labour Minister Shabana Mahmood has since confirmed Labour’s plan to introduce ‘some tax rises’ (Channel 4 News, 13 Jan 2015).
It’s clearer than ever: if Labour win the next election, they will hit hardworking families with higher taxes.
Unlike Labour, we have a long-term economic plan to build a stronger economy and secure a better future for Britain.
While we have a credible long-term plan to build a stronger economy and secure a better future for Britain, Labour are in economic chaos. Share this post to let everyone know.
If Labour win the next election, they could add £170 billion to the national debt.
That’s the verdict of Paul Johnson, Director of the Institute for Fiscal Studies (IFS), one of Britain’s leading independent think tanks. It’s yet more proof that Labour haven’t changed and would put the economic security of you, your family and our country at risk:
When they were last in government, Labour’s borrowing left Britain with our biggest deficit in peacetime history. With their plans for wasteful spending, more borrowing and higher taxes, Labour would make the same mistakes all over again – and hit our children with more debt than they could ever hope to repay.
The choice at the election is clear: the Conservatives, with a long-term economic plan that’s turning our country around and securing a better future.
Or Labour, who would squander the progress we’ve made as a country with the chaos of reckless borrowing and more debt.
Share the facts and let everyone know Labour’s plans to hit hardworking families with more debt.
We’re committed to dealing with the deficit so that Britain lives within its means.
This is a key theme of our election manifesto – and at the heart of our long-term economic plan to secure a better future for you, your family and our country.
Labour left Britain with the biggest budget deficit in our peacetime history. One in every four pounds the last Labour government spent was borrowed money.
But by taking difficult decisions, we’ve already halved the deficit in this Parliament – and we’re committed to running an absolute budget surplus before the end of the next Parliament.
To ensure that Britain lives within its means, we will:
- Run a surplus so that we start paying down our debts and keep our economy secure
- Reduce spending and cut out waste instead of increasing taxes on working people
- Control the welfare budget so we save money and reward work
- Crack down on tax avoidance and ensure those who can afford to pay the most do
- Continue to increase spending on the NHS so everyone gets the care they need
By working through our plan, we will ensure that we don’t leave debts to our children that they could never hope to repay.
Labour would turn back from our plan, risk the recovery with more borrowing, and hit future generations with more debt.
Only the Conservatives have a strong and competent team with a proven record and a credible plan that’s turning our country around – and securing a better future.
Asked by Andrew Marr if he'll raise taxes, Ed Miliband's answer was clear: 'Indeed, indeed.'
He was confirming what everyone already knew: that Labour haven't changed, and that their plans for more spending and more borrowing will mean higher taxes for everyone.
Everyone needs to know this. Click the button below to tell friends using Facebook, Twitter or email. If you’ve not used our Share the Facts site before, you’ll be asked to enter some simple details to get started. Once you’ve signed up, you’ll earn points for every post you share – with rewards for those who do the most to support the campaign.
We’re building a powerhouse economy in the North West.
Over the past five years, we’ve helped create a record number of businesses and 1.75 million jobs across the country – giving more people the security of a pay packet to provide for themselves and their families.
Last year Britain grew faster than any major advanced economy but we want to ensure that the recovery benefits every part of the country – including the North West.
That’s why we’ve launched our six-point long-term economic plan for the North West:
- To increase the long-term growth rate of the region to at least the long-term growth rate of Britain as a whole. That could generate an £18 billion real terms increase in the size of the North West economy – equivalent to over £2,000 per person
- To raise the employment rate in the region to that of the UK average – which will mean over 100,000 more people in work in the North West during the next Parliament
- To deliver the largest ever investment in transport – with £4.5 billion for the electrification of existing rail lines, new trains, new urban transport, and a major upgrade to roads across the whole region
- To make the North West a global centre of scientific innovation – with major investment in the excellent universities and NHS teaching hospitals of the region
- To raise the quality of life in the North West by building 25,000 new homes, improving local schools, and supporting culture and sport in the area
- To give more real power to the cities and counties of the North West – we’ve seen what a directly-elected Mayor has done for London, and we want that same benefit for Greater Manchester
Under Labour, our economy fell into recession and the North West – like every part of the country – suffered.
But by creating a Northern Powerhouse of jobs, investment and prosperity, our long-term economic plan for the North West will help secure a better future for people in the region.
Thanks to our long-term economic plan, first-time buyers have risen to their highest level since 2007.
A new report by the Halifax, one of Britain’s biggest mortgage lenders, shows that 326,000 people bought their first home last year – a rise of 22% compared with 2013.
The report also shows that the size of the average deposit for a house has also fallen by 7% – making home ownership more affordable for hardworking taxpayers.
These figures show that our long-term economic plan is helping people achieve the dream of owning their own home by:
- Launching Help to Buy, which has already helped over 71,000 families – the vast majority first-time buyers – own their own home
- Building more homes – housebuilding is at its highest since 2007 and planning permission was granted for 240,000 new homes in the year to September 2014
- Reducing the deficit – so we safeguard the economy for the long term and keep mortgage rates low
Thanks to Labour’s Great Recession, the prospect of getting on the housing ladder became nothing more than a pipe dream for thousands of hardworking taxpayers.
But by building a stronger economy and helping people buy their own home, our plan is backing hardworking families across the country – and securing a better future for Britain. Share this post to let everyone know.
Labour would increase borrowing by over £20 billion in the first year of the next Parliament.
A new comprehensive analysis of Labour’s policies based on official HM Treasury Opposition Policy Costings shows that Labour would increase borrowing and debt by £20.7 billion more in just one year.
The astonishing figure is the equivalent of £1,200 additional borrowing for every working household in the country – hurting the economy and loading our children with more debt than they could ever hope to repay.
Ed Miliband had promised that he would not make any unfunded spending commitments at this General Election.
But since Labour made this pledge in June 2013, the party’s frontbenchers have made:
- £23.26 billion of spending proposals for 2015/16
- Only £2.52 billion of proposals to raise money in that year
As a result, Labour have a £20.7 billion black hole in their spending plans – money which could only be found through more borrowing and higher taxes.
Britain has a clear choice at the next General Election: competence or chaos.
We can continue on the road to a stronger economy with a competent Conservative team that have a long term plan; or we can choose the chaos of Labour's £20.7 billion unfunded spending promises, higher taxes and more borrowing which would take us back to square one.
That’s why we need to keep working through the plan – to build a stronger economy and secure a better future for Britain.
Labour today confirmed they don’t understand how the economy works – by making false claims about Conservative plans to reduce the deficit.
Their new poster claims that our plans would take spending "back to the levels of the 1930s”.
But in actual fact, our plans would mean spending on public services would be the level that it was in 2002-03 (when Labour were in power) – as confirmed by the independent Office for Budget Responsibility:
"By 2019-20 day-to-day spending on public services would be at its lowest level since 2002-03 in real terms " (Source: OBR, Economic and Fiscal Outlook, December 2014, p.148)
This is just the latest example of Labour misusing statistics in recent months – demonstrating once again that they don’t understand the basics of the economy:
12 August 2014: Shadow Business Secretary Chuka Umunna is reprimanded by the UK Statistics Authority – the official statistics watchdog – for his claims that the number of young people claiming Jobseekers’ Allowance had increased by 60% since May 2010, with the number in the North East rising by 263%. However, the official statistics actually showed that the number of young people claiming JSA over that period had fallen by 38% nationally, and by 27% in the North East. (Source: telegraph.co.uk)
1 August 2014: Ed Miliband is criticised by the UK Statistics Authority over his claims that “four out of five” new jobs created under this government were being created in London. In fact, the reverse was true and only 21.7% of private sector jobs had been created in London. (Source: bbc.co.uk)
1 June 2014: The UK Statistics Authority reprimand Labour for claiming there has been an huge increase in zero-hours contracts – when official figures show no such rise. (Source: telegraph.co.uk)
If Labour can’t even get basic statistics right – how can they ever be trusted to run the economy? Share this important post today to let friends know that, when it comes to the economy, Ed Miliband and Labour just aren’t up to it.
When the Conservatives came into office in 2010, Britain was on the brink of bankruptcy. People were losing their jobs and families were worried about the future.
So we took difficult decisions to get our economy back on track.
Five years later, thanks to the measures we've taken and the hard work of the British people, the deficit has been halved, new businesses are opening up across the country, and there are a record number of people in work, with the security of a pay packet.
We need to stay on the road to a stronger economy – and your friends need to know about the important choice facing Britain in this election year.
So click the button below to share our poster with your friends using Facebook, Twitter or email. If you’ve not used our Share the Facts site before, you’ll be asked to enter some simple details to get started. Once you’ve signed up, you’ll earn points for every post you share – with rewards for those who do the most to support the campaign.