Enterprise

PM vows to defeat ‘enemies of business’ holding Britain back

James Cleverly, the Foreign Secretary, has compared the government’s mini-budget to “bitter-tasting medicine”.

He also said he thought Labour’s huge lead over the Tories in the polls was a “weak point” and that when the economy started to grow, “voters would start coming back to us”.

He told Times Radio: ‘We have seen over the past two decades that the UK economy is not growing as fast as a number of our international competitors. We have seen our tax rate slowly climb to the highest level in post-war history.

“So what we have to do is make sure that we reduce those taxes so that we are internationally competitive, that we increase those growth rates, that’s what the Prime Minister has proposed.

“Now the simple truth is that a number of people aren’t used to hearing about the stimulative effect of tax cuts, the growth effects of reduced regulation. And it’s completely understandable that they react to that.

“People don’t necessarily like bitter-tasting medicine, but it will collectively make us all feel better economically and when we start to feel better, I have no doubt that will show up in the polls.

“It’s a blow, it’s a necessary blow, but I absolutely believe that when people see this growth, when they see their wages go up, when they see productivity go up, when they see the new railroad, highways, when they feel these tax cuts, those voters will start coming back to us.