“The one good thing that did happen was that everyone started talking about economic growth” 🔎 Inside the race to put economic growth back at the heart of British politics after Liz Truss disaster 🔴 HugoGye
on a promise to do everything in her power to boost the growth rate of Britain’s economy after a decade of stagnation.
“The one good thing that did happen was that everyone started talking about economic growth,” one Tory backbencher toldrecently. Some former members of the Truss administration, led by her Levelling Up Secretary Simon Clarke, have vowed to put pressure on Mr Sunak and Mr Hunt to pursue pro-growth policies – challenging the Government on housebuilding and green energy.
“If we had GDP at the same level as the United States, that would mean our GDP level would be at least 30 per cent larger and it also means on average everyone would earn at least an extra £21,000. So that would deal with some of the big challenges we have today.” He is adamant that the need for faster economic growth should be acknowledged by Labour as much as by the Conservatives, pointing out that many of the party’s priorities such as major investment in green infrastructure will depend on an overhaul of the current regulatory regime.
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