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+--- Thread: Liberal Party NEC Statement – The State of the UK Economy at the end of 2024 (/showthread.php?tid=990)
Liberal Party NEC Statement – The State of the UK Economy at the end of 2024 - ReadingLib - 11-24-2024
The Liberal Party notes with considerable concern the deterioration of the UK economy just 5 months after the general election.
In just a matter of days we have seen stagnant economic growth in the third quarter, a widening month budget deficit and an unwelcome rise in inflation.
The uncertainty over the government’s tax and spending priorities prior to the Autumn Budget have stifled business confidence and they have then chosen to impose an unnecessary increase in employer NI contributions which will stifle employment.
Whilst the Labour Government has inherited a weak economy, the party believes the budget was a missed opportunity to support small businesses, and reform the wider tax system more broadly including tax simplification and a review of rebates, allowances, and exemptions.