The latest ONS figures revealed a decline in UK growth of 0.1% in January, despite Prime Minister, Keir Starmer’s main priority being economic growth.
This comes ahead of the Chancellor’s Spring Statement, which Welsh Conservatives have dubbed Labour’s ‘emergency budget’. Key calls from the Welsh Conservatives ahead of the statement include a reversal of the family farm and jobs taxes.
Commenting, Welsh Conservative Shadow Cabinet Secretary for Economy and Energy, Samuel Kurtz MS said:
“This morning’s ONS figures confirm a decline in growth, further proof of the damage caused by Labour’s Budget last autumn.
“Labour pledged to deliver the fastest-growing economy in the G7, yet business confidence has plummeted, living standards are in decline, and jobs are being lost.
“With just 12 days until the emergency Budget, the Chancellor must reverse her damaging policies including Labour’s jobs tax and family farm tax and do whatever it takes to restore business confidence.”
