Liz Truss’s bold and ambitious economic plan is just the remedy that we need. She knows that we need to depart from the business-as-usual economic managerialism that has led to our sluggish economic growth.
This means cutting taxes on business to incentivise investment and innovation — Liz plans to cut corporation tax back to 19 per cent. It means simplifying the tax system so we are internationally competitive, able to attract the investment and business confidence that breeds growth. And it means reforming business rates to help small businesses, the traction engine of our economy. This is something that the hospitality and retail sectors in particular have been crying out for over my two years as minister covering that vital part of the ecosystem of our great capital.
