CBI Growth Indicator: Chancellor must heed these warnings and do a handbrake turn

EMBARGO: 00.01 Monday 27th January

Responding to the CBI Growth Indicator which says that the private sector thinks activity will fall again over the next three months, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:

“The Chancellor must heed these warnings and do a handbrake turn to reverse the misguided jobs tax, properly reform the broken business rates system and create growth through a bespoke UK-EU customs union.

“After years of Conservative economic vandalism millions have been hammered by a cost of living crisis but the Labour Chancellor must accept that her budget has not worked in turning that around. 

“We simply cannot afford to continue down this path of economic stagnation.

“Only with a change of direction will we see the growth needed to protect family finances and rebuild our public services.”

ENDS