Kwasi Kwarteng’s target of 2.5 per cent annual GDP growth could be knocked off course by his own tax cuts expected in next week’s emergency budget, economists have warned.
Delivering sustainable growth at the level sought by the chancellor would mean a sharp departure from previous Conservative austerity, with long-term investment in education, training and skills, reforms to the tax and planning systems and incentives for business that would only gradually produce results, they told The Independent.
