https://news.sky.com/story/britains-economic-trajectory-will-soon-see-it-overtaken-by-poland-labour-to-warn-12821152 Skip to content Sky News - back to home sky news logo sky news logo Watch Live * Home * UK * World * Politics * US * Climate * Science & Tech * Business * Ents & Arts * Travel * Offbeat * Analysis * Data & Forensics * Videos * Weather More * Home * UK * World * Politics * US * Climate * Science & Tech * Business * Ents & Arts * Travel * Offbeat * Analysis * Data & Forensics * Videos * Weather Britain's economic trajectory will soon see it overtaken by Poland, Starmer to warn Labour leader Sir Keir Starmer will use World Bank data to warn that, without a change in leadership, Britain's economy will be overtaken by its eastern European rivals over the coming few decades. Monday 27 February 2023 10:54, UK Audio created using AI assistance Sir Keir Starmer * * * * Why you can trust Sky News Britain's economy could fall behind that of Poland by the end of the decade, the Labour Party will say today. The party's leader Sir Keir Starmer will use the forecast - which is based on World Bank data - to appeal for voter support in the next general election. Labour's calculations are based on the assumption that the UK's gross domestic product (GDP) per capita continues to grow at an average of 0.5% annually in real terms, as it did between 2010 and 2021. The data shows that GDP per capita in 2021 was $44,979 in Britain and $34,915 in Poland, and Labour will say that Poland - should it maintain its 3.6% average annual growth - will overtake Britain by 2030. Romania, with 3.8%, and Hungary, with 3%, would overtake Britain by 2040, the party will warn. Spreaker Due to your consent preferences, you're not able to view this. Open Privacy Options Click to subscribe to the Sky News Daily wherever you get your podcasts According to a pre-briefed extract of his speech, Sir Keir will say: "We need to be frank about the path of decline the Tories have set our country on. More on Labour * Leader of the Labour Party Keir Starmer speaks at an event in London Sir Keir Starmer needs to win big at the local elections to keep up Labour's momentum * Kier Starmer and Beth Rigby Sir Keir Starmer 'prepared to be ruthless' to win election - especially when it comes to Jeremy Corbyn * Only four local authorities in England say they plan to freeze council tax bills Labour government would freeze council tax, says Sir Keir Starmer Related Topics: * Labour * Sir Keir Starmer "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. Advertisement Read more: Sir Keir Starmer promises to 'give Britain its future back' as he sets out five missions Extraordinary events give Starmer a real shot at power 'Tough on crime': Labour evokes Tony Blair with policing plans "Nor am I prepared to accept what the consequences of this failure would mean." He is set to add: "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, not just to London or Edinburgh, but to Lyon, Munich and Warsaw. That's not the future our country deserves." Please use Chrome browser for a more accessible video player Sir Keir Starmer 2:04 Sir Keir Starmer: Labour's five missions During his speech in central London, Sir Keir will also talk more about his party's "five missions". As well as commitments on energy, the NHS, crime and childcare, he has promised to secure the highest sustained growth in the G7, saying this will bring better wage growth, more savings, better jobs and vibrant high streets. After the speech, Sir Keir and shadow chancellor Rachel Reeves will host a roundtable of business leaders. Conservative Party chairman Greg Hands responded by saying: "The last time Labour left office, there was no money left, debt was spiralling, and unemployment soared - something the British people will never forget. "Everyone already knows what Labour would do to the economy - with PS90bn of unfunded spending, that would just lead to endless borrowing and higher debt." Related Topics * Labour * Sir Keir Starmer * Facebook * Twitter * YouTube * Instagram About Sky News * About Us * Sky News International * Sky News Library Sales * Site Map * Editorial Guidelines * Sky News Board Sky News Services * Sky News RSS * Sky News For Your Phone * Sky News Radio Sky Channels * Sky 1 * Sky Witness * Sky Atlantic * Sky Arts * Sky Cinema * Sky Sports More Sky Sites * NOW * Sky Zero * Sky Academy Studios * Bigger Picture * Sky Group * Sky Bet * Sky.com * Sky News Arabia * Advertise With Us * Terms & Conditions * Privacy & Cookies * Privacy Options * Accessibility * Contact Us Sky.com Homepage (c) 2023 Sky UK