Downing Street Says

» Friday, January 25, 2013

Economy

Asked about the growth figures published today, the PMS said that they were a reminder of the very difficult economic situation Britain faces as a result of significant headwinds from the Eurozone and the legacy of the domestic economic crisis.

He highlighted that both the Prime Minister and the Chancellor have been in Davos banging the drum for British business and making the case for the sort of open, free-trade, global economy which is so important to outward looking nations like the UK.

The PMS said that the PM had very clearly set out his views on tax avoidance in his speech yesterday: that there is nothing anti-business about making sure businesses paying the right amount of tax. The PM was making an argument about why competitive, fair and transparent tax regimes are good for the economy and he will continue to make that argument throughout the presidency of the G8.

The PMS highlighted that the PM believes that we have absolutely the right economic policy and the right decisions have been made. To illustrate this point, the PMS said that more is already being done to invest in infrastructure projects such as an extra 20bn since the 2010 Spending Review, which has, in no small part, been possible due to the actions the Government has taken to reduce current spending.

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Economy

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