New figures show that there are a record number of people in work, with wages growing at their fastest pace in 11 years. That’s because we’ve supported businesses across the country, helping them develop and grow. These are Conservative economic policies providing a solid foundation to pay for great public services, like the NHS, well into the future, like the NHS, well into the future.
Here are three ways how our economic policies are helping people find work and get higher pay.
- There are now a record number of people in work
- Conservative economic policies are helping to strengthen the UK economy
- A strong economy means strong public services
New figures show that the number of people with a job has reached a record high, including a record number of women and disabled people in work. This means more people than ever before have the economic independence that a job brings. Helping people reach their full potential.
And with wages rising at their fastest pace in 11 years – 3.9% higher compared to a year earlier – people’s pay packets can go further.
As Chancellor Sajid Javid has said: “Every person deserves the chance to succeed and provide for their families through a steady income.”
“Thanks to the hard work of the British people and the government, we can further invest in our public services. And today’s figures are another sign that despite the challenges across the global economy, the fundamentals of the British economy are strong as we prepare to leave the EU.”
This year, we have been working hard to improve UK productivity and help people into work. We’ve capped welfare to make sure work is always rewarded, invested £37 billion National Productivity Investment Fund to support business, and set out a modern industrial strategy devoted to helping the country invest in infrastructure and boost the skills of our workforce.
As a result of our economic policies, unemployment has continued to fall, down 33,000 over the past year and down by 1.18 million since 2010. And youth employment has almost halved since 2010.
These figures show that we are delivering a solid foundation on which to build Britain’s economic future. And as Secretary of State for Work and Pensions Amber Rudd said: “More people in work than ever before means more households across the UK are earning a regular income, and millions more receiving a pay boost.”
But there’s more to do. That’s why we’ll deliver Brexit by the 31st of October. Because once we’ve delivered Brexit, we can get on with making it work for the country.
That means focusing on the priorities we all share – like the NHS, police and schools. It also means focusing on the communities that have been left behind. So we will go further to invest in infrastructure and skills, helping to give more people a fair chance to get on in life, wherever they live and whatever their background.
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Our strong conservative economic policy means that we have the money to pay for our world-class public services.
When we came into government in 2010, Labour left us unprepared for the financial crisis and the deficit soared to a post-war record. Labour admitted there was ‘no money left’, and the UK was borrowing £1 for every £4 we spent.
Since then, we’ve cut the deficit – we’re only borrowing £1 on every £34 we spend. Wages are increasing and a record number of people are now in work. As a result, we have had the money to extend free childcare, freeze fuel duty for nine years, raise minimum wage, and invest £33.9 billion into our NHS last year – and a further £1.8 billion specifically for frontline health services has recently been announced.
Labour’s economic policy cannot be trusted
Labour can’t be trusted to handle the economy. We saw what happened last time: more debt, higher taxes, and fewer jobs. That hits ordinary people the hardest, hurting the working people that Labour claims to support.
It remains a fact that every single Labour government left office with higher unemployment than when it started. And while the UK economy is strong and more people are in work than ever, Corbyn’s Labour still talks Britain down.