Tories accuse Chancellor of damaging economy

ODN

Shadow Business Secretary Andrew Griffith calls on chancellor Rachel Reeves to rule out tax rises on wealth creators ahead of her Mansion House speech this evening – warning that ‘another summer of uncertainty’ is ‘putting job hiring and investment on hold’.  Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00I think given the scale of the challenges for the economy, what we should hear from the Chancellor

00:04is ruling out any more tax rises. So we can't have another summer of uncertainty that's putting

00:10job hiring and investment on hold, so she needs to rule that out. I want her to see her reverse

00:17her attack on global wealth creators that's seeing over 16,000 millionaires, wealth creators

00:23and people who are paying taxes in this country leave. I think that's very bad for our economy

00:28and finally, I want her to go along the corridor to her colleague Angela Rayner and say stop

00:35the 300 pages of red tape in your employment bill that is simply going to tie employers

00:41up in knots and again another thing that's going to slow down economic growth in this

00:45country. That's what I think the Chancellor should be talking about at Mansion House tonight.

00:50Yeah, I'm afraid that's exactly what we're seeing from this Chancellor. Each time she

00:54says she's brought stability and balanced the books and then six months later she has

00:58to acknowledge that the economy isn't performing as she had hoped, that some of her measures

01:03have actually damaged the economy and then she has to come back and put more taxes in.

01:09We can't afford a summer of uncertainty. She needs to remove the tax axe from over the

01:14heads of British businesses and households and start making proper decisions around cutting

01:20spending rather than always going back to the hard-pressed taxpayer.

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