The government under Keir Starmer seems clueless as to how to improve our economy despite talking endlessly about growth. Starmer recently gave a speech about how the UK is to become a worldwide AI superpower alongside China and the USA. It was also announced that he had written to each of the UK regulators asking them to present pro-growth initiatives to Downing St.
Once in power the Labour government agreed to a 15% rise for train drivers who are paid double the UK average. Measures were introduced to increase the minimum wage and make it very difficult to dismiss employees from day one, both of which are likely to deter employment. In the budget Rachel Reeves increased employers' NHI contributions which is a deterrent to employers taking on more staff.
The government has been talking about growth since before they came to power but there has been none. Starmer is now talking about the UK becoming an AI superpower. None of the cabinet has any experience in business and seem clueless as to how to solve our problems. Any solution will take a long time and must prioritise the promotion of small business.
