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By Patricia Moore2025-11-28T07:00:00
Labour pledged to power growth, yet Wednesday’s Budget offered little for the sector that fuels it. Without focusing on construction capacity and skills, the country’s ambitions risk grinding to a halt, says T&T’s Patricia Moore
While we pore over the details of the chancellor’s Budget and what it means for businesses, one thing was abundantly clear on Wednesday: the focus for Number 11 has been on balancing the books.
But the government came into power with a mandate not just to manage the economy, but to boost it. The chancellor may have reiterated that growth is the engine through which Labour’s broader ambitions will be delivered, yet there is a risk of all this talk appearing as just that – talk.
Admittedly, over the past year, we have seen positive signs of the government’s desire for growth. The Spending Review earlier in the year set out the government’s priorities and direction of travel, which was welcome. However, the emphasis must now shift from simply planning for growth to making it a reality. And that needs to happen quickly.
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