LONDON (Reuters) – British finance minister Kwasi Kwarteng said on Friday it was time now to focus on economic growth instead of redistribution, as he laid out tax cuts and other measures in a speech to lawmakers.
“For too long in this country, we have indulged in a fight over redistribution.
Now, we need to focus on growth, not just how we tax and spend,” Kwarteng said.
“We won’t apologise for managing the economy in a way that increases prosperity and living standards.
Our entire focus is on making Britain more globally competitive – not losing out to our competitors abroad.”
(Reporting by Sachin Ravikumar; Editing by Kate Holton)
