The UK economy grew by 0.6 per cent in the first quarter of 2024 in a boost for the Conservatives' electoral strategy – although Labour argues that voters are still feeling the squeezeThe Treasury is working on plans for a pre-election giveaway Budget as the Conservatives aim to make political gains from an
A No 10 spokesman said: “Both the Prime Minister and Chancellor have said before more generally – obviously I wouldn’t pre-empt any fiscal events – but more generally, we want to cut taxes further where we can and where it’s financially responsible to do.” Rachel Reeves, the shadow Chancellor, insisted that the GDP figures did not help many people struggling with their living costs.
A source said: “We are in touch with people’s lived experience. All of the indicators we are looking at show that people don’t feel the economy is turning the corner. The Conservatives are assuming that the public follows economic data rather than what is in their own bank balance.”
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