Labour: This is Rishi's recession
Shadow chancellor Rachel Reeves responds to the news that Britain has slipped into recession. During a press conference in Westminster, Reeves says today’s drop in GDP is “deeply worrying news” for families who are struggling to make ends meet, and for businesses too.
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00:00 The Office for National Statistics has today confirmed that Britain has fallen into recession
00:05 and we now know that GDP per capita fell in every quarter of the last year.
00:12 Let me start by saying that this is deeply worrying news for families struggling to make ends meet
00:19 and for businesses too. These are provisional figures, they may change but it is absolutely
00:28 clear that Britain remains trapped in a spiral of economic decline. This isn't a question of
00:35 lines on a graph, it's about the health of our high streets, about growing businesses,
00:41 secure well-paid jobs and money in the pockets of working people. Rishi Sunak has now put our
00:50 economy into reverse. This is Rishi's recession and it is the British people who will pay the price.
01:00 With Keir Starmer's Labour Party this is what you will get. This is Labour's plan. Stability,
01:09 investment, reform. The foundations of a plan to break free of the Tory's vicious cycle
01:16 of stagnant growth, rising taxes and falling living standards. It's time to turn the page
01:23 on 14 years of conservative failure. It's time to demand better than manage decline.
01:29 It's time to start a new chapter for Britain. Thank you very much.