Responding, Chancellor of the Exchequer said:
“This shows exactly why we need to break the deadlock that
has been holding the country back, get Brexit done with our deal
and unleash a tidal wave of funds that are waiting to be invested
in Britain once we end the uncertainty.
“Getting Brexit done will give businesses and
families the certainty and confidence they need to invest and
move forward. We will back businesses and our economy with our
plans to invest massively in infrastructure right across the
country.
“Jeremy Corbyn’s trillion pound spending spree would
bankrupt Britain and his plans for two more referendums next year
would keep the country stuck in neutral.”
ENDS
Notes to Editors
-
Getting Brexit done would unlock over £100 billion
of investment. Goldman Sachs has said:
‘we have identified more than $150bn (£116bn) of UK
inflows that could be unlocked by some progress towards Brexit
resolution. The upcoming election will reset the Parliamentary
arithmetic and potentially clear the way’ (The Daily
Telegraph, 1 December 2019, link).
-
We have grown the economy by 19 per cent since 2010
– and it is forecast to continue
growing. The economy has grown by over
19 per cent since 2010.
-
We have helped over 1,000 people into work every
day since 2010 – meaning more people have the security of a
regular pay packet. That’s over
3,700,000 more people who have the security of bringing home a
regular pay packet. In the three months to April 2010, there
were 29.1 million people in employment. In the three months to
September 2019 there were 32.8 million people in work
(ONS, Labour Market Overview, 12 November
2019, link).
-
We’ve cut taxes for 32 million working people so
they keep more of what they earn. To
help people with the cost of living we have cut income tax,
introduced and increased the National Living Wage, extended
free childcare, and frozen fuel duty for nine years (HM
Treasury, Autumn Budget 2018, 29 October
2018, link).
-
We’ve backed businesses by cutting corporation tax
and helping people to start their own small
business. By cutting corporation tax
from 28 per cent to 19 per cent, we have encouraged more
businesses to invest and grow in the UK. The
British Business Bank has also provided support worth £5.9
billion of finance to over 82,000 smaller businesses across the
country, giving them a chance to expand (British Business
Bank, 11 February 2019, link).
