Responding to the latest ONS inflation figures, which show the consumer prices index rose to 2.2% in July, Matthew Fell, Competitiveness Director at BusinessLDN, said:
“While these figures are a reminder that there’s no room for complacency around inflation, the biggest fundamental challenge facing the UK economy is improving its long-term growth rate. The new Government must stay focused on this vital mission.
“With the public finances stretched, Ministers should prioritise high-impact interventions which can collectively help the economy shift gear without adding to debt levels.
“These include reforming the apprenticeship levy to boost take-up, scrapping stamp duty on share transactions to improve the attractiveness of the UK as a place to list and invest and championing our world-leading universities by ensuring they’re open to international students.”