The current economic climate in the UK is a difficult one for citizens to bear. With low growth, high inflation, and a dwindling consumer confidence, many are feeling the strain. To make matters worse, an increasing number of wealthy individuals are leaving the country for warmer climates with more favorable business environments.
The recent “growth budget” announced by Chancellor Rachel Reeves has raised concerns among the middle class, who feel they are being let down by the government. Famed investor, entrepreneur, and economic and political commentator Lane Clark of TPP, has spoken out against the budget and is doing his best to help those he believes are being neglected – the middle classes of the UK.
“I have been flabbergasted at some of the policies implemented by The Labour Party since they’ve taken power,” says Clark. “Even worse, they refuse to take advice from experts who are keen to assist. Every business person I know wants UK PLC to succeed and thrive, regardless of their political biases. Yet, they’re left to watch from the sidelines as the current government crushes the UK economy.”
Clark believes that the recent “growth budget” has had a negative impact on nearly everyone and that a new approach is needed to boost the economy. “The ‘tax and spend’ approach often adopted by Labour is outdated, and a new approach is required,” he explains. “We want to build a UK that is the pride of the world, that encourages aspiration, and that thrives. With the Spring Budget just around the corner, The Chancellor really is caught between a rock and a hard place. Does she increase taxes yet again, or decrease public spending?”
He further adds, “Personally, I think the changes required to how the UK economy is governed are far more radical than that, but I’m telling you right now that Labour will increase taxes yet again, and on the back of that, the numbers will continue to move in the wrong direction.”
Clark, who is a business owner and financial trader, believes that the government needs to listen to UK business and make the right moves for the economy to prosper. “Good businesses will succeed regardless, but some sectors like retail will be annihilated, particularly when the National Insurance contributions are increased shortly,” he warns.
In light of these concerns, Clark and his business partner Ed Davies have built an investment platform called TPP Global that brings stock market benchmark-beating strategies to everyday investors and cuts out the excessive fees typically charged by wealth managers. “A platform that assists investors, and helps build wealth,” says Clark. “I really wish our government would do the same.”
If you would like further information on how Lane Clark and TPP are assisting the middle classes in the UK, please visit www.tppglobal.io.
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Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.