Urgent need for Labour to kick-start economic growth, say business groups

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Business groups have said the new Labour Government will have “a lot” in its in-tray including an “urgent need to kick-start” growth. “The new Prime Minister has been given a clear mandate to take the tough decisions on areas like planning reform and boosting grid capacity needed to get the economy firing on all cylinders.” Labour’s economic plans include a new national wealth fund to boost investment, as well as the development of a 10-year infrastructure strategy. “First and foremost is the urgent need to kick-start the UK’s anaemic growth levels of recent years and boost investment in our infrastructure, without which we cannot address the many urgent priorities the country faces at national and regional level.” Director general of the BCC, Shevaun Haviland, congratulated Sir Keir. David Whitehouse, chief executive of OEUK, said: “The people in our sector and investors remain deeply concerned over Labour proposals to impose a further windfall tax and end new licences.