One of the most well-known businesspeople in the country has said that Rishi Sunak’s “short-sighted” and “stupid” economic policies are putting Britain in a state of “Covid inertia.”
Billionaire businessman Sir James Dyson stated in a piece for The Daily Telegraph that under Mr Sunak’s leadership, “growth has become a dirty word.”
The Conservatives, according to Sir James, “penalising the private sector is a free win at the ballot box,” which is why he criticised the rising tax on businesses.
The billionaire said that it had “badly damaged the country’s self-belief and work ethic” because politicians had failed to return employees to the workplace when the Covid restrictions were lifted.
Prior to the budget on March 15, battle lines are beginning to form among Conservative MPs.
No significant tax cuts are expected to be revealed, according to sources at the Treasury, since Mr Sunak’s top aim is still to slash inflation in half this year.
The UK may escape the recession projected by the Bank of England last year, but the Prime Minister is under pressure to lower taxes for both people and corporations.
Aiming to achieve Mr Sunak’s goal of halving inflation by 2023, Chancellor Jeremy Hunt is doing so on the justification that doing so would promote economic development.
However, there is already dispute among Conservative backbenchers. On Wednesday night in Parliament, twenty-two supporters of former Prime Minister Liz Truss organised themselves as the “Conservative Growth Group.”