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Home News Labour is urged to stop ‘punishing’ business with anti-growth measures – as Rachel Reeves launches latest bid to revive Britain’s flat-lining economy

Labour is urged to stop ‘punishing’ business with anti-growth measures – as Rachel Reeves launches latest bid to revive Britain’s flat-lining economy

by Abella
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Labor was encouraged tonight to stop 'penalties' company with anti-growth measures, because it is his latest offer to breathe new life into the economy.

In a big speech tomorrow, Chancellor Rachel Reeves will be on it that she is ready to go 'further and faster' in the pursuit of growth.

And today the prime minister announced that he introduces a new 'growth test' that means that measures are being pronounced veto, unless they can be demonstrated that they will stimulate the economy.

But despite this, no 10 confirmed a series of harmful policy – including the £ 25 billion national insurance attack – will still continue, so that critics encourage ministers to disclose the barriers to the growth they have created, including the task load of the Chancellor ' , Angela Rayner's Workers' Rights Charter and Environment Secretary Ed Miliband's ban on new oil and gas survey in the North Sea – who will all continue.

Shadow Business Andrew Griffith spokesperson added: 'Labor talks about a big game about cutting bureaucracy, while at the same time accumulating more environmental regulations and proposing their work -destructive employment account. They should not punish those who do the correct support.

'Companies and main streets are now bleeding … Only companies creates jobs and growth in the economy. It would serve work well to learn this basic lesson. '

In her speech in Oxfordshire tomorrow, the Chancellor will say that she is ready to prioritize growth by tearing up planning rules, curbing regulations and adopting the 'blockers'. She will insist that low growth is 'not our destination', while warning that it will 'not come without fight'.

Great -Britain is a country of 'huge potential' with the 'fundamental strengths' to compete in a global economy', she will add.

Labour is urged to stop ‘punishing’ business with anti-growth measures – as Rachel Reeves launches latest bid to revive Britain’s flat-lining economy

Keir Starmer will announce that he introduces a new 'growth test' that means that measures are pronounced veto, unless they can be demonstrated that they will stimulate the economy

In a big speech, Chancellor Rachel Reeves will insist that she is ready to move 'further and faster' when strive for growth

In a big speech, Chancellor Rachel Reeves will insist that she is ready to move 'further and faster' when strive for growth

The Chancellor will also announce plans for a New Oxford-Cambridge Growth Corridor, including thousands of new houses, improved transport connections and a new hospital focused on cancer research.

It comes after Sir Keir Starmer told a meeting of business leaders that cabinet ministers would be dedicated to make growth their top priority, and said that he was 'heavily concise growth in all decisions of the cabinet' with a new growth test.

“When you answer the question:” Do we have to do x, or should we do y, “that is led by the mission,” he said.

'Do we have to do X? If all goes well for growth, good for creating wealth, the answer is “yes”. If that is not the case, the answer is “no”. “

But no 10 later acknowledged that the test would not necessarily block all policy measures that harm growth.

The spokesperson for Sir Keir said: “The decision -making remains for the cabinet; We will not occur the decision -making of the government. The point is that the growth impact, the growth references, must be presented – just as implications of government spending must be presented – so that when reaching collective agreement it is very clear what the impact of those decisions will be on growth . '

The spokesperson denied that Labor sends mixed messages about issues such as deregulation, but confirmed Mrs. Rayner will continue with the bill of 150 pages, which, according to government's own assessment, costs up to £ 5 billion per year.

And the punitive raid on the NI of employers will also continue in April, as well as an increase in stamp rights and other measures such as an increase in minimum wage and curbs on junk food advertising.

Keir Starmer told a meeting of managers that cabinet ministers would be dedicated to make growth their top priority

Keir Starmer told a meeting of managers that cabinet ministers would be dedicated to make growth their top priority

Shadow Chancellor Mel Stride said that Labor's gloomy talks and record budget for tax increases had killed Growth Stone death

Shadow Chancellor Mel Stride said that Labor's gloomy talks and record budget for tax increases had killed Growth Stone death

Tom Clougherty, from the Institute of Economic Affairs, welcomed the change in the rhetoric of Labor in the direction of a focus on growth, but said it had to be matched now with a change of direction.

“We have to stop saying that economic growth is priority and then first set other goals,” he said.

'The big question is whether this will lead to a fundamental reassessment of parts of the government agenda.

'It is all very good to say that growth is priority, and that all the policy will be assessed on their impact on growth, but if we still continue with harsh work rules, economically destructive environmental policy and harmful taxes on companies, the Dedication does not mean much. '

Shadow Chancellor Mel Stride said that Labor's gloomy talks and record budget for tax increases 'Growth Stone Dead had killed'.

He added: 'The biggest obstacles to growth in this country are Rachel Reeves, Keir Starmer and their task that destroys the budget.

CBI Chief Rain Newton Smith has welcomed the recent change of tone of the Chancellor, but said it was now 'Crunch Time for Growth'

CBI Chief Rain Newton Smith has welcomed the recent change of tone of the Chancellor, but said it was now 'Crunch Time for Growth'

Sir Keir Starmer (center) and Chancellor Rachel Reeves (second right) during a business meeting with top managers of some of the most important companies of Great Britain

Sir Keir Starmer (center) and Chancellor Rachel Reeves (second right) during a business meeting with top managers of some of the most important companies of Great Britain

'Hurdyly paved announcements of growth in the 2030s will do nothing to help companies at the moment lower jobs because of the punitive job tax, the companies are crushed under their barrier of new regulations, or the farmers who experience bankruptcy about The cruel family business tax. '

CBI Chief Rain Newton Smith welcomed the tone change of the Chancellor, but said it was now 'Crunch Time for Growth'.

“A ruthless focus on growth means making a number of daring movements, accepting considerations and taking risks,” she said.

'Companies needed a boost in confidence after a difficult period that has seen their overhead costs increase and the headroom for investment treatment. Companies in the daily economy must remain the front and center of government decisions to create jobs, investments and growth that we all want. '

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