Open Editor
Rout Khalaf, FT Editor, chooses stories that he likes to this booklet.
The author is the Minister of Financial Management
Chancelor Rachel Reeves this week to change the story about the UK economy and poverty skills to help. This was necessary. The weather that is not background, after hope has come out before the election and soon after that, reviewed the October's budget for one of the repeated disappointments, discouragement inefficiency.
The UK also replaces the economic ride. Business beaten, influenced by budget, deepened by concerns about the rising increases and waste restrictions, and, borrowing.
In his speech, his veeves agreed to the business from the national insurance insurance – and repeatedly tried to have heard it needed to earn money under control. But as he benefited from speaking on the shipment side, the picture became more hoped.
Instead of depression about demand management, I believe that this is the case side on the supply side. First, for most demand will be determined by the English bank: If interest rates are reduced in many formal, this should be an important driver. They therefore ask if you do not want to take steps to take this way of that way – incomplete because it can help bring the UK bond low.
Secondly, as ministers longed to tell anyone who would listen, the government is forced by its financial laws, which is the first of current expenditure. If you want to avoid more taxes, you should be attached – or something close to them.
Third – this is very important – the problem of the UK will return to the 2008 financial year, and before, it has been on the sidewalk. The most, our painful and internal investment and social investment. From a disaster, average growth of the weak of 1.5 per cent is almost complete for workers growing. Product growth is very weak. If we have to grow strong while ripping inflation, we want more investment and we have more productivity – very simple.
So they want to make sure the government A 10-year strategy The center level from now.
Chancellor is referred to overwhelming, the block of approval of blocks and inclinations to commitment to improving investment projects. He promised support from the broadcasting of projects to address delays and barriers to infrastructure, including the OS-CAM project, the second heathrow and the number of northern England.
What was lost by the process. There was no place in his institutional report that will be important to delivering the most practical, and it has not been available and active. But this emphasis will be necessary for government to put confidence in investigators.
Married couples often love to introduce large investment to catch money to catch either, as The increase in heathrowthey argue. Often, however, these are not compatible with the new government and are proclaimed “basic” foundation “in real, lasting” government.
With this, refresh not. Reviewed Super Interrong suggests that the third rube system will have a different multippers outside the London area – this will be part of the frame for all key steps. But as planned, especially as government will have to keep its second law, and borrow money. Aside from the framework, “we hope” you may not get such a reply to a quull market or the market.
New national and service transformation authority will not be established until April. But the center, along with the National Audit and other Audit office will have a basic basis for promoting business, inside and outside the UK economic growth. I am surprised that Chancell has chosen to say not: This will add and supported the treasury of both the dismibrant and humor.
In this spirit, I hope reeves will equip you nista to fully look at investment projects that will have Mulpopricpopripripters. It is because this is also a way to prevent indirectly on the economy, a long time of the winds in business and customers alike.