This week, Richard was the keynote speaker at a forum in Westminster held by the association for the UK private capital industry.
Speaking afterwards, Shadow chief Secretary to the Treasury, Richard Fuller MP said:
Britain’s potential is huge.
Freed from EU regulatory sclerosis, we should be using our own rules to sharpen our competitive edge and clear out the waste and bureaucracy holding us back. But we also need to end the political infighting, call on all the talents society has to offer and get the state to live within its means so we can invest in defence, innovation and wealth creation here at home.
This was the message I delivered to the UK Private Capital Investment Policy Forum this week.Under Kemi Badenoch’s leadership, the focus is firmly on the economy. We’ve set out detailed plans: £47bn of savings, a Golden Rule to pay down the deficit, and major reforms to back the City from capital requirements to abolishing ring fencing and replacing the FOS with a Financial Adjudication Service required to apply the law.
Our five point plan will drive growth by bringing down energy costs, restoring flexible labour markets, cutting taxes that inhibit growth, clearing out ineffective regulations, and championing wealth creators, the self employed and small businesses.
We’ve also announced measures to scrap the energy profits levy and carbon tax, back new North Sea drilling, remove job destroying rules in Labour’s Employment Rights Act, scrap business rates for high street businesses, remove ideological taxes on family farms and family businesses, abolish stamp duty on homes, reform IR35 and scrap the Climate Change Committee - all while following our Golden Economic Rule.
There is more to do, but we have a clear plan and real world experience to deliver Britain’s economic future.
