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Transcripts for BBCNEWS The Context with Christian Fraser 20240604 22:00:15
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his plans for england. we will introduce 30 hours of free childcare, notjust for three and four year olds, but for every single child over the age of nine months. it is a package worth on average £6,500 every year and reduces their childcare costs by nearly 60%. but it will not be fully up and running for two and a half years. in the round, ministers want this to be seen as a steady as you go budget. the declinists are wrong and the optimists are right. we stick to the plan because the plan is working and i commend this statement to the house. in response the opposition parties were scathing. managed decline, britain going backwards, the sick man of europe once again. that s the britain they have created and they should look it in the eye. a uk whose performance deteriorated
Transcripts for BBCNEWS BBC News at Ten 20240604 22:00:15
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by nearly 60%. but it will not be fully up and running for two and a half years. in the round, ministers want this to be seen as a steady as you go budget. the declinists are wrong and the optimists are right. we stick to the plan because the plan is working and i commend this statement to the house. in response the opposition parties were scathing. managed decline, britain going backwards, the sick man of europe once again. that s the britain they have created and they should look it in the eye. a uk whose performance deteriorated i after the brexit referendum both. in absolute and relative terms. and a country, the only one in the g7, where the economy has not returned to its pre pandemic level. we know that a lot of households are struggling with the prices
skepticism. now, we have the facts to support the argument that we have, indeed, turned the corner. that greece is no longer the sick man of europe, and we are leading europe on numerous fronts when it comes to innovative, public policy. greece s growth rate now, i mean 5.6% for 2022. 8.4% in 2021. i expect growth closer to 2% in 2023, and we may surprise on the upside. but i think equally important, numbers of foreign investment, record years in 21 and 2022. we did that without compromising our fiscal sustainability priority. so if you look at gdp, we have had the fastest decline of gdp than any other european country, to the point where no one talks about it being an issue.
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