Bromsgrove MP Bradley Thomas writes for the Standard.
OUR COUNTRY under this Government is living beyond its means, locked in a doom loop of high spend, high debt and higher taxes.
This is killing growth, fuelling inflation and killing jobs – weakening our economy.
The Chancellor claims the Government ‘has the right plan,’ but the truth is it is too weak to stand up to its backbenchers and too distracted by leadership rivals to act in the UK’s interest.
We need to get our country’s finances back on track, cut taxes and back business to break the doom loop and deliver a stronger economy to get Britain working again.
We can do this through a package of savings worth £47billion over the next Parliament. These savings will be delivered by cutting welfare spending by £23billion, reducing the size of the Civil Service which will save £8billion, cutting spending on social housing for foreign nationals saving £3.9billion, reducing the cost of the asylum system (£3.5billion), abolishing Net Zero schemes (£1.6billion) and cutting back on overseas aid by £7billion.
I have voted for this in Parliament, but it has been consistently voted down by the Government.
Under a government led by Kemi Badenoch, we will introduce our Golden Economic Rule – for every pound saved, half or more will go to reduce the deficit and half will go on cutting taxes or spending to boost the economy.
We all have to live within our means, so that should apply to our Government too.
To back business, we will end business rates for thousands of high street businesses to build a stronger local economy here in Bromsgrove district.
A total of 250,000 retail, hospitality and leisure businesses will benefit from the relief, delivering substantial savings which can then be reinvested in better premises, more staff and lower prices and lifting thousands out of business rates altogether. I’ve also voted for this Parliament.
And we will cut taxes too. To reduce the tax burden, a government led by Kemi Badenoch will abolish Stamp Duty on family homes and introduce a £5,000 First Job Bonus.
While other parties ignore economic reality, only my party under new leadership has a plan to break the doom loop and deliver a stronger economy to get Britain working again.
