Chancellor says growth requires ‘a fundamental shift that starts with putting power in the right places’
The Conservatives and Reform UK have claimed that advance briefing about the John Healey speeches suggests he does not have a proper policy for growth.
This is from Andrew Griffith, the shadow chancellor.
This is a policy-light word salad from a chancellor who seemingly does not understand how growth is created. It will do little to comfort hard-working families and businesses across the country who are worried about more tax rises or the fact that government borrowing rates are near a 28 year high.
Even Rachel Reeves had more vision than this guff. Days after a market meltdown, when grip and direction are required, John Healey has revealed himself to be an empty vessel with no idea about how to rescue our economy.
The chancellor can’t seriously talk about ‘turbocharging innovation’ or helping British manufacturers sell abroad whilst ignoring the Brexit trade barriers choking our exporters.
Huge swathes of our economy were left to rot by an incompetent Conservative Party, but now Labour are following the path of stagnant growth with their commitment to Brexit red lines that will see British businesses continue to be wrapped up in red tape as they have been since the damaging Brexit deal.
A new story about Britain. An optimistic story. One of resilience. Pride. Huge latent potential. A country turning a corner. A country whose people, businesses and communities are ready to seize the opportunity of new technologies and new ideas.
Ask an economist what growth is and you’ll get a number. But ask the country and you’ll get a different answer. A young person getting a new job in a company that’s on the up. A sole trader winning a new contract that pays for a holiday with their kids. A business winning a new export order, giving the community around it a new lease of life.” The prime minister laid out a clear diagnosis of what has gone wrong in the past. The solution is a fundamental shift that starts with putting power in the right places.
The next chapter of Britain’s growth story will be written in more places.
Instead of getting in the way with complexity and red tape, we need a strong, strategic centre wired to enable local leaders and their ambitions. That’s why we created No 10 North, working on a dual mission with the Treasury, removing obstacles so that local leaders and businesses can pull together to drive growth and productivity. I want to see wealth creation in this country. I want to see businesses make a profit. And to create the conditions for that we need an active, accountable state at all levels to remove blockages and create the conditions for more investment.
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