Reeves will make ‘fair and necessary choices’ in budget, says business secretary

 The business secretary has pledged to create a “pro-business, pro-wealth creation, pro-growth Britain”.

Speaking to the CBI conference in London, Peter Kyle addresses the chancellor’s upcoming budget on Wednesday. 

He says: “This week’s budget will take the fair and necessary choices to embed that further. 

“We will not repeat the mistakes of previous governments by losing control of public spending and uncontrolled borrowing. 

“We will cut the national debt by sticking to our tough spending plans and clamping down on government waste and inefficiency, and we will push ahead relentlessly with the biggest drive for growth in a generation. 

“Economic growth is built on the bedrock of stability in the budget. 

“The chancellor will take the tough decisions necessary to keep inflation down, protect families and businesses from rising costs to safeguard the public services and keep debt under control for the long term.”

‘Every reason for national economic optimism’

Turning to a message of positivity, he adds: “There need be no cap on our national ambition, no barrier to growing our economy further and faster. 

“If we reject the doom mongers and the naysayers, set our minds to it and support British businesses to deliver.

“There is every reason for national economic optimism. 

“I believe that if we make the right decisions now, we can lead the world in clean energy, biotechnology, AI, advanced manufacturing, creative content, fintech, digital trade and in the next generation of industries that have yet to be imagined. 

“That is only possible if we make Britain a better place to do business. A more rewarding location to take, business, risks to start-ups and scale up capital. 

“If we have the same confidence and optimism that Britain that drives Britain’s entrepreneurs and builds Britain’s best businesses, then I have no doubt that with your help it is achievable.”