This week during Treasury Question Time in the House of Commons, Richard asked Treasury Ministers when they would change course on their economic strategy given the slump in business confidence.
Richard Fuller MP said:
It's no secret that the Autumn budget, coupled with Labour's constant talking down of the economy has shattered business confidence.
We now also know that retail sales that were expected to grow in the run up to Christmas, actually fell, further dampening expectations that the much promised growth will be realised anytime soon.
Unemployment is on the rise, and in a blow to consumers, the British Retail Consortium says that two thirds of retailers are planning price rises to cover the costs of the Chancellor's tax hike on employer national insurance contributions.
So a manifesto and a budget that promised growth as its core objective has had precisely the opposite effect.
Richard's question and the minister's answer can be watched at https://youtu.be/oC6yH7fcLjU?si=AgUX1_RcI9L63aJX
