Richard recently delivered the keynote address at the British Private Equity & Venture Capital Association (BVCA) Summit. His speech can be watched at: https://youtu.be/CUPWS86_tYY?si=-yoGvYLTcJJ7PnM2
Speaking afterwards he said:
Rachel Reeves is driving Britain towards bankruptcy.
While not all of our problems are of her making, her poor decisions have caused terrible consequences for the country and she is clearly out of her depth. But the truth is, the problems run far deeper than one Chancellor.
For too long, as a country, we have turned away from the hard economic realities we must face. Politicians of every colour and the public too, have chosen short-term fixes rather than tough economic decisions. That avoidance has left us weaker, more fragile, and ill-prepared for the challenges ahead.
In my speech, I set out the scale of those challenges and the responsibility we share to protect the economic future of our children and grandchildren. They will face greater economic challenges than my generation ever did.
It is time for honesty. It is time for a proper accounting. And it is time to put the interests of future generations at the heart of our approach.
