Sunak takes a shot at Brexit skeptics, hailing a “explosion of investment” away from the EU.
RISHI SUNAK attacked Brexit fearmongers during his speech at the Conservative Party conference in Manchester, hailing a “explosion of investment” in the UK.
As he began a glowing defense of his decision to endorse Brexit Britain, the Chancellor of the Exchequer praised his Government’s “super deduction” of UK tax, which he said has produced an investment glut in the UK.
“Brexit was never simply about the things we couldn’t do,” Mr Sunak remarked.
“It was also about the things we didn’t do,” says the narrator.
“That’s why we created the super deduction, a first in tax policy in the United Kingdom.”
“Which is causing a massive increase in capital investment!”
“That’s why we developed the Help to Grow scheme, another UK first, to assist small and medium-sized businesses in digitizing, skilling up, and scaling up,” he continued.
“That’s why we established the Future Fund, a UK first in government funding to support high-potential start-ups.
“My point is this: Even if you can’t see it yet, believe me when I say…”The future is here!”
His remarks came as the UK economy grew at an annual rate of 5.5 percent in the second quarter of this year, a new high.
As Britain recovered from the pandemic, the economy grew quicker than expected due to the relaxation of lockdown restrictions.
The Organisation for Economic Co-operation and Development (OECD) now forecasts that the UK economy will grow at a rate of 6.7 percent in 2021, which is higher than any other G7 country.
In comparison, the EU’s GDP is predicted to grow by 4.8 percent this year.
DON’T MISSIn an address to the Conservative conference on Monday, Brexit negotiator Lord Frost attacked the European Union over the Northern Ireland Protocol, warning that “tinkering at the edges” will not solve the frictions generated by the Protocol.
He stated, ” “We can’t wait indefinitely. If no agreement is reached soon, we will be forced to use the Article 16 safeguard mechanism to address the Protocol’s implications on Northern Ireland.