British finance minister Jeremy Hunt will announce how he will try to speed up the world’s sixth-biggest economy after the shocks of Brexit, a heavy COVID-19 hit and double-digit inflation left it lagging behind its peers. | Reuters
“In the autumn we took difficult decisions to deliver stability and sound money,” Hunt is due to say, according to excerpts of his budget speech. “Today, we deliver the next part of our plan: a budget for growth.”
“With 13 years of economic mismanagement and sticking-plaster politics leaving us lagging behind, what we need to see is some real ambition from the government,” Reeves said. He is also expected to announce measures to improve skills training and give a green light to 12 investment zones.Last week, Labor attacked the government’s “chaotic” approach to business taxation with the corporation tax rate due to jump from 19 percent to 25 percent next month.He is also under pressure from junior doctors, teachers and other public sector employees who, demanding higher pay, were on strike on Wednesday in one of the biggest coordinated walk-outs in decades.
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