London Daily

Focus on the big picture.

Brexit working by making beer cheaper, claims Rishi Sunak

Brexit working by making beer cheaper, claims Rishi Sunak

Prime Minister insists economy ‘moving in right direction’ after criticism from Tory right
Rishi Sunak has cited cheaper beer and sanitary products as a benefit of Brexit following claims that the Conservatives have “failed” to harness the economic benefits of leaving the EU.

The Prime Minister said there were “lots of signs that things are moving in the right direction” with the economy despite record prices for food and energy.

Speaking to reporters on the way to the G7 summit in Japan, he rejected former UKIP leader Nigel Farage’s claim that Brexit had “failed” under the Tories.

“I introduced freeports – a Brexit benefit around the country attracting jobs and investment to lots of different places,” he said.

“We cut VAT on sanitary products, we reformed the alcohol duties that mean this summer you will be able to get cheaper beer in pubs. These are all very tangible benefits of Brexit that I’ve already delivered.”

Mr Sunak said that growth estimates for the economy were being raised, with predictions for household disposable income growth “hugely” better than expected.

“That’s a very important measure of people’s living standards – hugely outperforming what people thought,” he said.

His comments come amid growing pressure from the Tory right to introduce tax cuts, deregulate the economy and scrap laws written in Brussels. Last week, the Government announced that a promised “bonfire” of EU legislation would be downgraded.

The Institute for Fiscal Studies (IFS) predicted that 7.8 million people will be paying income tax at 40 per cent or above by 2027-28.

Responding to criticism that taxes were too high, Mr Sunak said: “Right now we're grappling with high inflation and elevated borrowing and it is responsible to deal with that first.

“Once we have reduced inflation and brought borrowing under control I would very much like to be able to reduce the tax burden.”

Earlier this week, Mr Farage had claimed that the country “had not actually benefited from Brexit economically”.

But Mr Sunak insisted he is “actually delivering the benefits of Brexit as opposed to just talking about it”.

Chancellor Jeremy Hunt on Wednesday defended the Government’s economic record, insisting ministers were taking a “pragmatic” approach by not slashing taxes during a period of high inflation.

In a speech given at the British Chambers of Commerce, Mr Hunt said that businesses would still be able to access the overseas workers they need.

Home Secretary Suella Braverman used a speech on Monday to push for lower migration, arguing that there was no good reason why British firms could not train their own workforce of lorry drivers and fruit pickers.

But Mr Hunt insisted migrants would still need to play a part in the economy after Brexit.

“What I’m trying to do is to make sure that our businesses can find the labour that they need in order to make sure that recruitment isn’t a problem,” he said.

That meant “we will, at the margins, always be pragmatic” about areas where there are labour shortages.
Newsletter

Related Articles

London Daily
0:00
0:00
Close
Homeless Man Turns in Wallet with 2,000 Euros at Amsterdam Station
Apple Faces EU Charges Over Digital Markets Act Violation
Macron Warns of Civil War Risk as French Elections Approach
Julian Assange Freed After US Plea Deal
Chaotic Portugal Win Over Turkey at Euro 2024
Global Headlines: Hajj Heatwave Tragedy, Flynn's Family Enterprise, and Rising Geopolitical Tensions
Political Shifts in France, Legal Battles in the UK, and Public Protests in Israel
UK's Richest Family Convicted for Exploiting Servants
Hollande Declares End to Macron’s Political Ascendancy
Hindujas Appeal Swiss Court's Human Trafficking Verdict
Prince William Celebrates Birthday at Taylor Swift Concert
Singapore to Implement Screen Time Regulations for Children
Hello and welcome back. Here we are with your latest news update from around the world.
Hello and welcome back. Here are today's top stories from around the world, you don't want to miss:
UK PM Sunak and the Election Betting Scandal
Climate Activists Target Taylor Swift's Private Jet in UK
United States Bans Kaspersky Antivirus
US to Supply Taiwan with Suicide Drones Amid Rising Tensions with China
Bodyguard of UK Prime Minister Arrested for Alleged Election Betting
Global Displacement Crisis: Record Numbers in 2023
Muslim Community Leader Criticizes Nigel Farage for Undermining Muslims
Melinda Gates Discusses 'Horrible' Divorce from Bill Gates
Child Obesity Surge in England: A Deep Concern
U.S. Sues Adobe Over Hard-to-Cancel Subscriptions
Deadly Heat Wave Claims Dozens of Lives During Hajj Pilgrimage in Mecca
Here are today's top worldwide stories you don’t want to miss:.
World’s Largest Pilot Union Calls to Eliminate Terms Like ‘Cockpit’ and ‘Manpower’ for Equity
Woman Suing UK Intel Services Denies China Spy Allegations
Iran Sentences Nobel Laureate Narges Mohammadi to 1-Year Prison Term for Propaganda
News roundup
Good day, everyone! We've got some gripping stories for you today, spanning from the Middle East to Europe, and even a touch of Hollywood.
Britain’s Refugee Visa Rules Stranding Children in War Zones
UK Elections Predict ‘Electoral Extinction’ for PM Sunak’s Conservative Party
Italian Activist Ilaria Salis Returns Home After Election to European Parliament
Good morning!
England Faces Serbia in Euro Opener with Defensive Concerns
Dermatologist Warns Against Sunbed Usage
Fake Pro-Reform UK Social Accounts and Their Influence on Elections
UK Man Jailed for Non-Consensual Condom Removal
Reform UK Surpasses Conservatives in Historic Poll
US, Britain, Canada Accuse Russia of Interference in Moldova’s Election
Taylor Swift Fans Create Seismic Activity in Edinburgh
Sunak Aide Under Investigation for Election Bet
Labour Leader Starmer Focuses on Wealth Creation for Upcoming UK Elections
G7 to Use Frozen Russian Assets for $50 Billion Ukraine Aid
Anti-Israel Irish MEP Clare Daly LOST her seat in the EU Election
Johnson & Johnson Settles Talc Safety Claims for $700 Million
EU Urged to Welcome Skilled Russians to Weaken Putin
EU Elections Overview: Far-Right Gains and Major Political Shifts
Israel Rescues Four Hostages from Gaza
×