The UK press and politicians are fixated on growth.
The Labour Government came into office 12 months ago promising a new dawn. Its top priority was growth. Its manifesto, “Labour Party Manifesto 2024: Our plan to change Britain” devoted an entire chapter to “Kickstart economic growth”.
In this article, we cover:
We believe that two key elements are being missed: i) the need to create a culture in which entrepreneurs are celebrated, rather than often vilified; and ii) that capital can flow freely between companies that generate cash and have no need for more, to those that need it to develop and scale up; currently, many measures freeze capital in the wrong hands.
We would like to see education about entrepreneurship, measures to let businessmen and women keep more of the wealth they have created and a tax system that encourages the flow of capital rather than its fossilisation.
