Global Macro Service > Research Briefings > United Kingdom

Manifesto analysis: Looser policy would boost growth

The looser fiscal plans set out by Labour and Liberal Democrats would result in the level of GDP being around 1.5ppt higher at the end of the next parliament than under the government’s pre-election plans. The Conservatives’ more modest tax and spending plans imply only a 0.2ppt uplift in GDP in 2024-25.

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