The UK economy remains stagnant, with sluggish growth linked to factors such as low-productivity, Brexit-related trade disruptions and a lack of investment.
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00:00The UK economy remains stagnant, with sluggish growth attributed to factors such as low productivity,
00:08Brexit-related trade disruptions and insufficient investment. Rising living costs and weak wage
00:16growth have compounded financial struggles for many households, leading to heightened
00:21concerns about long-term economic prospects. The Labour government, elected on a mandate
00:27to improve living standards, has unveiled plans to address these challenges. Central
00:32to their strategy is an industrial plan focusing on eight key sectors, including green energy,
00:38technology and creative industries, aimed at revitalising economic growth. Labour has
00:45also announced a large-scale house-building initiative with a goal of delivering 1.5 million
00:50homes over five years. Labour say these policies are designed to foster stability, create jobs,
00:57alleviate financial pressures on families across the UK and encourage long-term economic
01:03growth.