+44 (0) 1908 774320
   
Roger Eddowes

Essendon Accounts & Tax

Home of the Business Godparent ...

How Innovative Policies Can Boost UK Economic Growth

Roger Eddowes

CREATED BY ROGER EDDOWES

Published: 24/07/2025 @ 09:00AM

#UKeconomicgrowth #Governmentinitiatives #infrastructurestrategy #taxationstrategies #labourreforms

In the face of recent disappointments in economic performance, various strategies are emerging that can effectively boost UK economic growth. Government initiatives in infrastructure, taxation, and labour might hold the key to unlocking long-term prosperity ...

Boost UK economic growth, Industries thrive, jobs increase, Nation's wealth restored

Boost UK economic growth, Industries thrive, jobs increase, Nation's wealth restored

As a keen observer of the economic landscape in the UK, I feel that we are at a pivotal moment. The recent uptick in the FTSE 100, reaching a new high of 9,000, presents a glimmer of hope for investors and policymakers alike. However, to truly realise our potential and boost UK economic growth, we must undertake a multifaceted approach that spans various sectors and addresses prevailing challenges.

One of the main hurdles we face is the consistent
contraction in economic output!

Despite government commitments to bolster growth, output fell by 0.1% in May, following a 0.3% downturn in April. Factors contributing to these declines include the UK's high energy costs and a turbulent geopolitical landscape exacerbated by trade disputes with the US. The government's new industrial strategy aims to mitigate these issues, yet its benefits may not materialise for another few years.

Chancellor Rachel Reeves, in her Mansion House speech, recently emphasised the need to eliminate red tape that stifles innovation. By encouraging increased retail participation in the market, we could foster an environment ripe for investment and growth. It's essential that the financial services sector embraces this potential, as it plays a crucial role in our economy.

More than ever, we must look to measures that not only alleviate burdens on businesses, but also facilitate a renewed focus on growth-oriented policies.

Additionally, while infrastructure projects have been promised, they must be executed with a clear vision and an urgent timeline. The national wealth fund and housing initiatives proposed by the government could significantly enhance our medium-term GDP rate by an estimated 0.4%. However, expectations need to be managed; critics argue that without swift action, these initiatives will fail to offset the immediate pressures on the economy.

Growth cannot solely rely on government intervention!

To genuinely boost UK economic growth, businesses must feel confident enough to invest. Historical evidence suggests that recent tax increases, including National Insurance and National Minimum Wage hikes, have eroded business confidence, leading to a decline in investment intentions and workforce expectations.

With inflation rising - 3.6% as of June 2025 - it becomes increasingly complex for the Bank of England to navigate economic policy. While controlling inflation is necessary, we cannot ignore the implications for employment and overall economic health. A balanced approach that maintains fiscal responsibility while also boosting growth is essential.

A concerted effort from both the government
and businesses is critical!

With new strategies in place and innovation encouraged, we can overcome the current economic challenges facing the UK. I believe there's definitely a path forward, but it requires both bold action and integral cooperation. Only by working together can we establish a more resilient and prosperous economy for the future.

The time to innovate and invest is now.

Until next time ...


ROGER EDDOWES
Join our mailing list! Click here and be one of the first to know when we publish a new blog post!


Would you like to know more?

If anything I've written in my blog post resonates with you and you'd like to discover more of my thoughts about ways to boost UK economic growth, then do call me on 01908 774320 and let's see how I can help you.

Don't forget to stay updated with our daily social media posts on Facebook.

Share the blog love ...

Share this to FacebookBuffer
Share this to FacebookFacebook
Share this to TwitterTwitter
Share this to Linkedin (popup window)Linkedin
Share this to Pinterest (popup window)Pinterest
Share this to WhatsApp (popup window)WhatsApp

#UKeconomicgrowth #Governmentinitiatives #infrastructurestrategy #taxationstrategies #labourreforms

About Roger Eddowes ...

Roger Eddowes 

Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.

Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.

More blog posts for you to enjoy ...

Click here to view this blog post


How the HMRC R&D tax relief tool can streamline claims

Curious about the HMRC R&D tax relief tool? Here's how it clarifies eligibility, reduces risk, and supports better claims. It's a pragmatic boost for research and development ......

Click here to view this blog post


Unlocking sustainable economic growth through smarter, steadier government

Here's a clear path to sustainable economic growth: stable rules, simpler taxes, and targeted investment. It shows how government policy can unlock business growth. It's optimistic, practical, and focused on outcomes ......

Click here to view this blog post


Do you need to file a self-assessment tax return this year?

Wondering if you need to file a self-assessment tax return for 2024/25? Here's what's changed, who must file, and when to act. Stay ahead, avoid penalties, and keep things simple ......

Click here to view this blog post


Why the Autumn Budget 2025 will be the Chancellor's hardest test yet

The Autumn Budget 2025 will need to balance tight fiscal rules with an already weakened economy. Can we expect a clearer tax strategy? Business rates reform? Will there be cautious support for investment? I think it's going t...

Click here to view this blog post


Royal Mint Monopoly 50p Coin Marks 90 Years of Family Rivalry

Curious about the Royal Mint Monopoly 50p coin? Here's the story behind the design, the price, and a hidden golden twist. It's a neat nod to a Monopoly milestone ......

Click here to view this blog post


What HMRC using AI on social media really means for you

Here's the lowdown on HMRC using AI to review social media in criminal tax probes. It's about more intelligent fraud detection with human oversight, not bots running wild. Taxpayers should receive clearer guidance and fewer e...

Click here to view this blog post


HICBC: New process for paying the High Income Child Benefit Charge

The High Income Child Benefit Charge can now be paid via PAYE. No more self assessment just for HICBC, if eligible. Here's how the rules, thresholds and practical steps work ......

Click here to view this blog post


Understanding Tax On Pensions Without The Jargon

Here's a clear guide to tax on pensions, from allowances to lump sums and tax codes. It also covers savings, dividends, and side income. No fuss, just the essentials ......

Other bloggers you may like ...

Click here to view this blog post


Blogging: Why You're Not Doing It And How sBlogIt! Can Do It For You Instead

Posted by Steffi Lewis on https://www.sblogit.com

Blogging is a missed opportunity for many small business owners. You may worry you lack the time or expertise to do it effectively. With sBlogIt!, the ...

Click here to view this blog post


Building Your Bookkeeping Business

Posted by Alison Mead on https://blog.siliconbullet.com

The usual question I see asked in bookkeeping groups and forums is, where can I find customers, or how can I get experience now that I have passed my ...

Click here to view this blog post


Why serviced accommodation in Milton Keynes beats traditional hotel stays

Posted by Emily Freeman on https://blog.shortstay-mk.co.uk

Here's why serviced accommodation in Milton Keynes is a smarter choice than a hotel. Expect more space, better Wi‑Fi, and the freedom to live on your ...

Click here to view this blog post


Practical ways to overcome imposter syndrome at work

Posted by Dave Cordle on https://blog.davecordle.co.uk

Here's how to overcome imposter syndrome at work with clear, practical steps. You'll reframe self-doubt, track wins, and seek proper support. It's a c ...

Click here to discover sBlogIt! The done-for-you blogging service