Rishi Sunak attacked Brexit fearmongers during his speech at the Conservative Party conference in Manchester, hailing a “explosion of investment” in the UK.
As he began a glowing defence of his decision to endorse Brexit Britain, the Chancellor of the Exchequer praised his Government’s “super deduction” of UK tax, which he said has produced an investment glut in the UK.
“Brexit was never just about the things we couldn’t do,” Mr Sunak remarked.
“It was also about the things we didn’t do,” said the Chancellor.
“That’s why we introduced the super deduction, a UK first in tax policy.”
“Which is triggering an explosion in capital investment”
“That’s why we created the Help to Grow scheme, another UK first to help small and medium-sized companies digitise, skill up and scale-up,” he continued.
“That is why we established the Future Fund, a UK first in government investment in high-potential start-ups.”
“That’s why we launched the Future Fund, another UK first in government investment backing high potential start-ups. …”
“The future is here!”
His remarks came as the UK economy grew at an annual rate of 5.5 percent in the second quarter of this year, a new high.
As Britain recovered from the pandemic, the economy grew quicker than expected due to the relaxation of lockdown restrictions.
The Organisation for Economic Co-operation and Development (OECD) now forecasts that the UK economy will grow at a rate of 6.7 percent in 2021, which is higher than any other G7 country.
In comparison, the EU’s GDP is predicted to grow by 4.8 percent this year.
While Brexit negotiator Lord Frost lambasted the European Union over the Northern Ireland Protocol in a speech to the Conservative convention on Monday, he warned that “tinkering at the edges” will not fix the frictions generated by the Protocol.
“We cannot wait forever,” he remarked. “Without an agreed solution soon, we will need to act, using the Article 16 safeguard mechanism, to address the impact the Protocol is having on Northern Ireland.”
“That may in the end be the only way to protect our country – our people, our trade, our territorial integrity, the peace process, and the benefits of this great UK of which we are all part.”
According to reports, the government has set a deadline of the end of next month for finding a way to avoid deploying nuclear power.