Responding to the latest GDP figures, muniya barua, deputy chief executive at businessldn said:
“It’s time for the Chancellor to bring some Christmas cheer by pulling out all the stops to boost economic productivity and growth. Agreeing a long-term capital funding deal for Transport for London would help to keep the capital moving while making childcare more affordable and accessible would help more people return to work, which is vital if Britain is to escape the low-growth trap. Reversing the decision to scrap VAT-free shopping on goods for international visitors would also provide an immediate boost by encouraging more spending in our shops, pubs, restaurants and hotels during the festive period and beyond.â€