Greg Wood

Some corrections: You inherited 2% inflation. It doubled in 12 months after you became Chancellor. It is still 50% above the rate you inherited and 50% above target. It should fall to target 2% this summer. So two years to get back to where you started! What’s to boast about that? Interest rates have been falling everywhere. UK cuts, which you don’t control, have been fewer and smaller because of your inflation record. We still have highest interest rate in G7. The Bank has made some cuts for the simple reason the economy is flat on its back. Well done. Borrowing is slowly falling from a very high base. Almost six years after the pandemic-induced recession, we’re still borrowing around 4% GDP. And borrowing costs are the highest in the G7. Retail sales are up in recent months. We’ll see how long that’s sustained. But the hospitality and construction industries are in crisis. Plus our massive services sector is stagnant. UK fastest G7 economy? That’s simply a bare-faced lie. We grew by 0.1% in Q3 2025; and another 0.1% in Q4. End of.