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Economy Economy

Deliver growth across the country

Last updated: 10:53pm 23 September 2019

Growth across the country through our modern industrial strategy and major investment in infrastructure, skills and research and development.

Conservative Party Manifesto 2017, p.12

Our verdict

The economy is consistently one of the most important policy areas for voters when deciding which party to support. To demonstrate good stewardship of the economy, economic growth is usually considered the best indicator. So governments of all shades are keen to demonstrate that, under their control, the size of the economy has increased. This policy is simply a promise to deliver economic growth as a result of government strategies and investment.

The most commonly used measure of the size of a country’s economy is Gross Domestic Product (GDP), which can be calculated in one of three ways, by adding up either:

  • The total value of goods and services (‘output’) produced
  • Everyone’s income
  • What everyone in the country has spent

Since the financial crash in 2008-9, the UK’s GDP has risen every year, including under the current government. So the overall trend remains one of growth.

It’s worth noting, however, that recent data from the Office for National Statistics showed that UK GDP was “estimated to have fallen by 0.2% in Quarter 2 (Apr to June) 2019”. That’s the first time there has been a decline, even quarterly, since 2012. And if

Despite government reassurances that this fall in GDP is only a blip, given that the policy promises “growth across the country”, we can only rate it as ‘in progress’ for now. We’re basing that on overall growth since the last election.  We’ll be tracking to see whether the recent dip develops into a more sustained economic downturn. Follow this policy to stay up to date.

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There's always room for debate

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