John Allan told Sunday with Laura Kuenssberg that the party has failed to explain what its plans for growth are
“We have seen the beginnings, I think, of a quite plausible growth plan from Labour so at the moment their ideas are on table, and many are actionable and attractive, but I wait to hear what the Government has to say in due course, but at the moment there’s really only one team on the field.”
The Tesco boss spoke after Kwasi Kwarteng was replaced as Chancellor by Jeremy Hunt. Mr Hunt admitted “two mistakes” were made in the mini-Budget, singling out the cut in the top rate of income tax and the Government’s failure to have its tax plans forecasted by the independent fiscal watchdog the Office for Budget Responsibility .
Urging the Government to do more for ordinary people, Mr Allan said: “We have a moral responsibility to look after people, who in the real world are being impacted by this. “The reality is that the movement in interest rates is now going to lead to much higher mortgages rates for millions of people.” He added: “Lots of people I think are [already] struggling with the existing elements of the cost of living crisis in food and so on.”
Belgique Dernières Nouvelles, Belgique Actualités
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