Devoting myself to reforming SW1’s culture of failure after a 25 year career in business | Shadow Chancellor of the Exchequer

West Sussex, United Kingdom
It is a huge honour to become Shadow Chancellor for the party I joined as a teenager under Margaret Thatcher. Working as a team, we Conservatives will deliver an economic revolution. We will deliver lower, simpler taxes, get Britain drilling again to bring down energy costs, slash the red tape holding Britain back, and scrap the job-killing measures in Labour’s (Un)Employment Rights Act. A strong country needs a strong economy. The Conservatives will always back the risk-takers and wealth creators who deliver growth, investment and jobs.
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Torsten, when you find the fool who: 😱 Voted for 330 pages of employment red tape 😱 Hiked NI costs by £25 billion 😱 Jacked up rates on businesses do be sure to tell them precisely what you think.
Like many people across Swansea Bay, I’m deeply disappointed to learn that Admiral Insurance are to cut 500 jobs from its UK business. I’ve asked for an urgent meeting with the company to talk about what happens next - particularly in Swansea.
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Andrew Griffith MP retweeted
The Labour spin this morning is that the Chancellor might try some sort of sleight of hand with fiscal headroom. It’s fiddling while we burn through taxpayers’ cash. @griffitha knows there’s a better way.
£292. That's the cost of Britain's debt interest for every household, each month. We all pay for it. More taxes. Worse public services. Higher interest rates. We need tough choices. Cut welfare and wasteful spending. It’s the only way to get our public finances back on track.
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Andrew Griffith MP retweeted
If you can work, you should. We must not borrow from our children to support people who refuse to work. That’s why we’ve announced a plan for a fairer welfare system: six months on Universal Credit to find work. After that, what you receive depends on what you’ve paid in👇
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£292. That's the cost of Britain's debt interest for every household, each month. We all pay for it. More taxes. Worse public services. Higher interest rates. We need tough choices. Cut welfare and wasteful spending. It’s the only way to get our public finances back on track.
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This is appalling judgement by Burnham’s No10. Like many MPs, my constituents lost money with Ripple Energy. They at least made a choice - but to see the executive associated with that loss now given taxpayers money is an error. Her appointment should be rescinded.
Made with AI
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Boss of failed energy firm given ‘plum’ government role thetimes.com/article/6e6fb92…
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🚨 Unlike too many in our economy, the Shadow Treasury Team is recruiting! We’re hiring a Financial and Economic Analyst to support our work. It's a great opportunity. You’ll run a dynamic Economic and Fiscal Outlook, analyse the Government’s tax and spending plans, and ensure that the Official Opposition’s economic plans are accurately modelled and fully costed. You may have worked in finance or have spent the past couple of years in a role involving financial analysis and modelling. You’ll need to be able to work quickly to resolve complex issues and will report to both me, as Shadow Chancellor, and our Shadow Chief Secretary, Richard Fuller. You can find out more about the role and how to apply at AndrewGriffith.uk/Analyst. If you’re interested, please apply as soon as possible! PS: Rachel Reeves, we don’t want your application…
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Andrew Griffith MP retweeted
Millions are living on benefits instead of paying their own way. And taxpayers are tired of footing the bill. @Conservatives will bring back common sense 👇
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Everyone knows that for too many, welfare is a lifestyle choice exploited by those who refuse to work. An insult to hard-working taxpayers. Our changed Conservative Party will end it. Not everyone will agree with our tough choices, but it is our fiscal duty to make them. Our country has been living beyond its means for decades.
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At the Centre for Policy Studies, @rcolvile has led the intellectual home of Thatcher's economic revolution. Delighted he's bringing his expertise to the Conservative economic team as we set out our plans to back small businesses and the self-employed every step of the way.
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The OECD has just downgraded Britain’s growth forecast for next year. It’s now expected to be just a THIRD of the G20 average growth rate. This is a great country. We can and should aspire to do so much better. It matters. Growth delivers more jobs, better opportunities, investment, higher wages and better public services. But when everything is too heavily taxed, too slow, over-regulated and too expensive, our country simply can’t grow and compete on the international stage. Inflation remains well above target, and Britain’s 30-year borrowing costs are higher than those of the US, Germany, France, Japan or Canada. The OECD is urging countries to control spending and improve public sector efficiency. Labour’s answer is always more taxes. No country has ever taxed its way to growth. It’s time for Andy Burnham to get off TikTok and get serious about our economy. Labour’s first two Budgets have increased taxes by £66 billion a year. We can’t take any more. The only way forward is to reform the cost of government and tackle out-of-control welfare spending. I will be a Chancellor who is serious about growth, serious about controlling our public finances and serious about reducing the cost of living for families.
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Britain's debt is the equivalent of £100,000 per household, with an interest bill that could take defence spending to 3% and halve the basic rate of income tax! We can’t have another Chancellor Healey running to the IMF for a bailout. Tough choices are needed. Cut welfare and wasteful spending. 👇
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Brilliant to see @Apple investing in Britain and our world-class music industry at the iconic Battersea Power Station. We need more of this! 🇬🇧
Introducing Apple Music Hall, a first-of-its-kind live music venue, built for artists and fans. Located in London’s iconic Battersea Power Station, it’s the next chapter in Apple’s long history with music. Sign up for announcements: applemusichall.com.
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Andrew Griffith MP retweeted
I don’t pretend debt is just the fault of the current government, but they are unquestionably making it worse. The next generation will pay the price. There’s only one way out of this crisis - a government willing to make tough choices and get Britain’s finances under control.
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I don’t pretend debt is just the fault of the current government. But rather than tackle it, there is no question they’ve made it worse - and the interest bill so much higher. Imagine the defence, healthcare or lower taxes that £200 billion would buy?
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🚨 Labour have lost control of our public finances. They are borrowing so much that they’ve overshot the OBR forecast by £8 BILLION! It takes a rare fiscal incontinence to have both the highest tax take in history and see borrowing shoot up to the equivalent of £100,000 for every household in Britain. We Conservatives will make the tough choices on welfare and public spending to get Britain’s finances back under control.
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This chart from @OxfordEconomics shows the 'gap' the government finances are heading into on the current trajectory - missing the OBR forecasts every month.
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