Chancellor accepts Labour has put a ‘lot of pressure’ on business and that helping wealth creators will be budget aim – UK politics live
Summary
UK Chancellor John Healey said he wants to support businesses that make profits by reducing their costs and regulation. He admitted that the government has caused extra pressure for businesses recently but plans to make it easier for companies to grow and stay in Britain.Key Facts
- Chancellor John Healey will defend his upcoming budget next Wednesday.
- Healey wants to back entrepreneurs who make a profit and invest in their businesses.
- He acknowledged that government policies have made running a business harder lately.
- Healey said lowering business costs is as important as lowering living costs for families.
- He noted pressures like employment laws, taxes, and supply chain costs affect businesses.
- Hunt to cut red tape or unnecessary rules for many smaller businesses is expected.
- Healey defended past tax rises but aims to be seen as more pro-business than his predecessor.
- The government wants businesses to grow and stay in the UK.
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