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Economy to shrink as Reeves' Budget 'snuffs out wealth and stunts growth'

^{Published on 2024-12-05 10:31:20 - Daily Express}
 

• PM Keir Starmer has only been in power five months but some of the hardest working Brits are already throwing in the towel.

The article from Express.co.uk discusses the potential negative impacts of Labour's economic policies on the UK economy, as critiqued by Sir James Dyson. Dyson, a prominent British entrepreneur, has warned that the policies outlined in Labour's "self-harming Budget" could lead to economic shrinkage by stifling wealth creation and growth. He specifically criticizes the proposed changes to business rates, the windfall tax on energy companies, and the lack of incentives for entrepreneurs. Dyson argues that these measures could deter investment and innovation, ultimately harming the UK's economic prospects. He calls for a more business-friendly environment that encourages risk-taking and supports the growth of businesses, which he believes are essential for economic prosperity.

Read the Full Daily Express Article at:
[ https://www.express.co.uk/finance/personalfinance/1984951/Economy-shrink-Reeves-self-harming-Budget-snuffs-out-wealth-stunts-growth-Dyson ]

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