'The average annual growth in GDP per head, which is a better measure of how much prosperity is growing than GDP growth, was just above 1.7% during the Labour government years (1997 to 2009). And if we take the average to 2007 rather than 2009, excluding the years of the global financial crisis, we get over 2.5%. The same figure for 2010 to 2018 is under 1.2%; the third quarter of this year, compared to a year earlier, was only 0.4%. The economy under a Conservative chancellor since 2010 has been weak, not strong'
Prosperity better under Labour.
Simon Wren-Lewis is emeritus professor of economics and fellow of Merton College, Oxford
Prosperity better under Labour.
Simon Wren-Lewis is emeritus professor of economics and fellow of Merton College, Oxford