Economic Renewal & Enterprise

High regulatory and tax burdens, planning constraints, and risk-averse culture discourage new business formation. Stagnant productivity, high taxation, and complex regulatory red tape stifle small-to-medium enterprises (SMEs), which are the backbone of job creation. Productivity growth has been weak for years.

Economic growth cannot rely solely on the state; it requires a dynamic private sector. Removing barriers encourages risk-taking and business creation. Lowering barriers and supporting genuine enterprise raises the rate of innovation and wealth creation.

It fosters innovation, increases market competition, drives up wages, and generates the tax revenue necessary to fund public services without raising personal tax rates. Benefits include more jobs, higher productivity, greater competition that benefits consumers, and a more dynamic economy capable of funding public services sustainably.