Despite the recent ongoing global uncertainty, our economy remains well positioned to withstand any turbulence that might be coming our way.
The UK Labour Government is still focussed on cutting the cost of living, with £150 slashed off energy bills, rail fares frozen and inflation falling faster than forecast.
We’re cutting the cost of borrowing, with six interest rate cuts, saving families over £1,300 on a typical new fixed-rate mortgage and we’re growing the economy, with the fastest growth of any other European country in the G7.
Families are set to be over £1,000 a year better off by the next general election. Wages are rising faster than inflation and have grown more than in the first 10 years of Conservative rule but we know there’s more to do. That’s why we’re boosting the minimum wage for millions of workers and helping family incomes by removing the two-child limit.
Here in Wales, things are changing for the better too.
Inward investment is increasing, with the number of jobs created as a result rising by 30% in the last year.
We’re creating thousands of jobs through our green industries, advanced manufacturing, freeports, investment zones, rail enhancements and more.
We’ve also launched over half a billion pounds worth of growth funding with Llanelli Town Centre, Tyisha and Glanymor confirmed as receiving £20m directly through the Pride in Place Programme as part of this.
And we’ve delivered the largest Budget and Spending Review settlement for public services in Wales since the dawn of devolution.
Other parties including Reform and the Tories want a return to austerity, cuts to investment, half a million more children in poverty and rights at work scrapped. We cannot let them distract from our efforts to create a stronger, more secure economy and make working people better off.