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British Labour Party: Hungary can overtake Britain
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The leader of Britain’s main opposition Labour Party claims that without a new economic policy, Britain could be overtaken by Poland and Hungary.
Britain’s economic plan
Sir Keir Starmer, leader of the British Labour Party, gave a speech on his party’s economic plans at the City of London’s financial centre on Monday. Starmer will also hold a round table discussion with economic experts on the UK’s economic policy for the next period. The event was attended by John Allan, chairman of Tesco, the UK’s largest retailer, and Mark Carney, former governor of the Bank of England, the UK’s central bank.
The Labour Party leader previewed extracts from the speech. According to the speech, the Conservative Party, which has been in power for thirteen years, has put the British economy on a “path of decline”, napi.hu reports.
Is Hungary ahead of Britain?
If recent growth trends remain unchanged, by 2030 Poland’s population will be better off than the UK’s in terms of per capita gross domestic product (GDP). According to a Labour Party analysis based on World Bank data, British GDP grew by an average of 0.5 percent a year between 2010 and 2021.
If Poland and Hungary are going to be ahead of UK in the near future then Britain needs to follow the same Govt policies as Hungary and Poland! Quite simple really!