“Our economy has truly turned a corner,” Rishi Sunak, Britain’s prime minister, said last week as he introduced his party’s election manifesto, buoyed by recent data showing that Britain’s economy had exited from a recession more strongly than expected in the beginning of the year and that inflation had slowed substantially.
Justifying the optimistic mood, data released on Wednesday showed that consumer prices rose 2 percent in May from a year earlier, touching the Bank of England’s target.
That was way down from 11.1 percent in October 2022, when Mr. Sunak started his premiership.
Polls suggest there is a desire to eject the governing Conservative Party from Downing Street, after 14 years, in next month’s general election.
But lawmakers in the opposition Labour Party have already warned that — should they win — they will inherit a hobbled economy with little room for bold changes.
Persons:
Rishi Sunak, Sunak
Organizations:
of, National Health Service, Conservative Party, Downing, Labour Party