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‘When you’re flat in your again it is fairly simple to develop sooner.’
Tory MP John Glen endured a humiliating look on the At the moment Programme this morning, after making an attempt to say the UK economic system was doing nice, regardless of excessive ranges of inflation, poor productiveness and sluggish development.
The newest inflation figures launched right now confirmed inflation fell sharply to six.8% in July, down from 7.9% in June, with the drop in vitality costs being behind the autumn.
Nonetheless, commerce unions equivalent to Unite have warned that employees nonetheless face tough days forward and that the price of residing disaster is much from over, with the Financial institution of England prone to elevate rates of interest additional that means increased hire and mortgage prices.
Showing on the At the moment Programme, Robinson instructed Glen, who’s Chief Secretary to the Treasury, that costs had been nonetheless rising for hundreds of thousands at an unaffordable fee.
He went on to take aside Tory claims that it was their insurance policies which have led to a fall in inflation, which has come down attributable to a fall in world oil costs.
Robinson then stated: “The British economic system remains to be smaller than it was earlier than the pandemic, 0.5% smaller, whereas the EU is 2.4% greater than earlier than the pandemic and the U.S. is 5.6% greater.”
Glen tried to justify the federal government’s poor file on the economic system by claiming: “The UK economic system has grown sooner than Italy, Japan and Germany since 2016” to which Robinson replied: “However in the event you’re flat in your again it’s fairly simple to develop sooner.”
Basit Mahmood is editor of Left Foot Ahead
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