placeholder image

LTTmagazine.co.uk
Editorial Opinion   Peter Stonham   LTT854   3 October 2022

It’s not all about Economic Growth now, stupid.

ANYONE SEEKING to discover what the new Truss Government’s transport policy might be should find the Chancellor’s ‘Growth Plan 2022’ an instructive read. This document, tabled by Kwasi Kwarteng as he delivered his mini budget just over a week ago, unashamedly (at least for now) makes economic growth the Government’s central mission, setting a target of reaching a 2.5% trend rate. It claims that “Sustainable growth” will lead to higher wages, greater opportunities and “provide sustainable funding for public services,” although the reaction of the financial markets clearly questioned the affordability and budgetary prudence of the measures Kwarteng announced in a bid to achieve his aims.

854.36.t

(c) 2022 LTT Magazine and lttmagazine.co.uk