Tories go on the economic attack — Labour would cost Britain £50 billion

Would Labour destabilise Britain’s fragile economic recovery? The Tories are keen to convince the nation that Labour would, ahead of Miliband’s expected offensive on the state of the economy and the cost of living. Positive growth forecasts, increasing construction and export figures  all add to the perception that the economy is on the up; but, as I discussed earlier this week, the mood in the country is still cautious and many people are struggling to make ends meet.

Treasury minister Sajid Javid tackles this problem in the Telegraph today. He contextualises his party’s optimism for the recovery with reference to his own background, and explains why the hardships will be worth it in the long run:

‘And while there is still a long way to go, the plan is working. The economy has moved out of intensive care and into recovery…yes, growth was slower than expected over the last two years, but the eurozone was in a mess and our economy was hit by a temporary oil price spike.