UK will be poorer than eastern Europe if Tory ‘low wage doom-loop’ continues, warns Keir Starmer

Sir Keir Starmer is to warn that the Britons could be poorer than those in Poland, Hungary and Romania without a future Labour government’s growth plan.

The Labour leader will use a speech on Monday (February 27) to set out how his economic vision is the 'only show in town' to lead the UK out of the Conservative 'low wage, high tax, doom-loop'. If the country’s economy is not reignited, he will warn that Britain is at risk of a 'brain drain'.

According to the party’s analysis of World Bank data, it predicts that wealth prospects in Britain are set to be surpassed within the next 20 years by eastern European rivals.

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The speech in central London is set to expand on Sir Keir’s unveiling of five 'missions' his party will focus on if it wins the next general election. As well as commitments on energy, the NHS, crime and childcare, Sir Keir pledged to secure the highest sustained growth in the G7, along with providing good jobs and productivity growth in every part of the country.

The Opposition leader, according to a pre-briefed extract of his speech, is predicted to say: “We need to be frank about the path of decline the Tories have set our country on. The British people are falling behind while our European neighbours get richer, in the east as well as in countries like France and Germany.

“I’m not comfortable with that; not comfortable with a trajectory that will soon see Britain overtaken by Poland. Nor am I prepared to accept what the consequences of this failure would mean.”

“I don’t want a Britain where young people, in our great towns and cities, are left with no option but to get out. A brain drain,