RISHI Sunak, Liz Truss and Boris Johnson have overseen the worst Parliament for growth since Brits crushed the Nazis in 1949, according to new figures.
Labour analysis has found that economic growth is now only expected to average 0.3 per cent between 2019 and 2023.
Rishi Sunak will try to get the British economy back on track with his Autumn Budget
That’s the worst of any parliament covered by Office for National Statistics records since WWII.
Commenting on the staggering stats, Shadow Chancellor Rachel Reeves said: “As Chancellor, Rishi Sunak failed to grow the economy, failed to get a grip on inflation, and failed to help families with the Tory cost of living crisis.
“The facts speak for themselves. This is the worst parliament for growth on record since the Second World War. Mortgage costs are soaring. Borrowing costs are up. Living standards down.
“What we need now is to restore financial credibility, and a serious plan for growth that puts working people first.”
Rishi Sunak is aiming to get the British economy back on track with a full fat Autumn Budget.
Inflation hit a whopping 10.1 per cent this month, tightening the cost of living squeeze suffocating household finances.
Mr Sunak is fighting a tough battle, with Mad Vlad Putin’s war and the aftermath of the Covid pandemic not making inflation management easy.
The PM is also up against the damage caused by Liz Truss’ disastrous mini budget.
But Tory MPs say if anyone can face up to the challenge, it’s Mr Sunak.
On November 17 Jeremy Hunt will set out the Treasury’s plans to plug a £40bn black hole in public finances.
The Chancellor will also confirm whether the popular pension triple lock is set to stay and if benefits will be uprated in line with inflation next April.
This afternoon No10 hinted the triple lock could be in danger.
A Downing Street spokesperson said: “We do recognise that uncertainty is difficult for pensioners and other groups of people.
“That’s why the Prime Minister and the Chancellor believe it is right to take the time to work carefully and diligently to come up with proposals that will provide that certainty in the long term.”
At his first PMQs on Wednesday, Mr Sunak promised to look after the poorest, saying: “I will always protect the most vulnerable.
“This Government is going to restore economic confidence and stability and we will do it in a fair and compassionate way.”
