Responding to latest GDP figures from the ONS, which indicate that the UK economy grew by 0.4% in May, Muniya Barua, Deputy Chief Executive at BusinessLDN, said:
“It’s encouraging to see the economy returning to growth, and the new Government should now seize the moment to build momentum behind today’s figures.
“With the public finances stretched, ministers should follow its flurry of recent pro-growth announcements by prioritising high-impact, low-cost measures which taken together could help unlock much-needed private investment.
“These include overhauling the apprenticeship system to increase take up and scrapping stamp duty on share transactions to improve the UK’s attractiveness as a place to list. Unleashing London’s full potential will be essential to kickstart the economy and galvanise growth.”