This seems to be false at the moment. Inflation is high, the pound falling, employees getting disaffected. Why would anyone invest in such a ghoulish country? The rich will avoid tax and not invest locally, the government has rejected our nearest neighbours both regarding trade but culturally.
Stimulating the economy requires local investment. Encouraging start up businesses and reducing business rates in city centres should be the priority, not reducing the taxes of the rich. Maybe a tax allowance for investment in local companies?
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