The cost of living continues to rise, what are Labour’s plans to improve the economy?

Local TV

The UK economy remains stagnant, with sluggish growth linked to factors such as low-productivity, Brexit-related trade disruptions and a lack of investment.

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00:00The UK economy remains stagnant, with sluggish growth attributed to factors such as low productivity,

00:08Brexit-related trade disruptions and insufficient investment. Rising living costs and weak wage

00:16growth have compounded financial struggles for many households, leading to heightened

00:21concerns about long-term economic prospects. The Labour government, elected on a mandate

00:27to improve living standards, has unveiled plans to address these challenges. Central

00:32to their strategy is an industrial plan focusing on eight key sectors, including green energy,

00:38technology and creative industries, aimed at revitalising economic growth. Labour has

00:45also announced a large-scale house-building initiative with a goal of delivering 1.5 million

00:50homes over five years. Labour say these policies are designed to foster stability, create jobs,

00:57alleviate financial pressures on families across the UK and encourage long-term economic

01:03growth.

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