"Despite Labour's U-turns on the Family Farms Tax and Business Rates, their Budget will still leave working people worse off and our economy weaker, with higher taxes stifling growth and fuelling inflation. With every U-turn, the Chancellor loses more credibility, and Labour show they do not have a plan. Only the Conservatives have a leader with a backbone, a strong team, and a clear plan to build a stronger economy and get Britain working again."
"To make the economy work for working people, we are reversing years of underinvestment by protecting record infrastructure investment, driving through major planning reform, backing expansion at Heathrow and Gatwick, delivering Northern Powerhouse Rail and getting Sizewell C built. At the same time, we are taking action to get bills and inflation down - with £150 off energy bills, rail fares, prescription charges and fuel duty all frozen, the two-child benefit cap lifted,"
The economy grew by 0.3% in November and by just 0.1% over the three months to November, indicating near-stagnant activity. Employers report fear of recruiting or investing, contributing to concerns that the economy is flatlining. Criticism centers on fiscal choices, alleged U-turns on the Family Farms Tax and Business Rates, and claims that higher taxes will weaken the economy and fuel inflation. The government plans to protect infrastructure investment, pursue planning reform, back airport expansion, deliver Northern Powerhouse Rail and Sizewell C, and use measures such as a £150 energy payment, frozen rail fares, lifted two‑child benefit cap and a higher national living wage to reduce bills and support workers.
Read at London Business News | Londonlovesbusiness.com
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