+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!


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


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 ......

Click here to view this blog post


Can HMRC Take Money From Your Bank Account Without Permission?

Wondering if HMRC can take money from your bank account without permission? Yes - sometimes, under strict rules and safeguards. Here's how it works, what to expect, and how to protect your finances ......

Click here to view this blog post


Tax Resistance Threatens Reeves' Strategy As Patience Wears Thin

Tax resistance is building as households and firms hit their limits. Reeves' strategy risks faltering without a credible quid pro quo. A reset on spending and growth may be unavoidable ......

Click here to view this blog post


Simple Assessment Payment Plans: Apply Online To Spread Your HMRC Tax Bill

Here's how simple assessment payment plans work and who qualifies. Taxpayers can apply online to spread tax bills, with interest still charged. It's quick, practical, and often penalty-friendly ......

Click here to view this blog post


CPI inflation rise to 3.8%: what it means for the UK

Here are my thoughts on the CPI inflation rise to 3.8% and why it matters to both business and consumers. Prices are heating up before likely cooling off in a few months. Small firms should prep for volatility and policy shif...

Click here to view this blog post


Speculation Over the Autumn Budget 2025: What Might Be Announced?

Here's a quick take on the Autumn Budget 2025. Expect debate over borrowing, tax changes, and what HMRC may tweak, with winners and losers likely. Keep plans flexible while the chancellor weighs government spending needs ......

Click here to view this blog post


Evidence Needed For Every Pension Tax Relief Claim From September 2025

As of 1st of September 2025, every Pension Tax Relief claim now needs evidence and can't be made by phone. Claims must be made online or by post, with self-assessment via the return. Here's what to provide and who can claim, ...

Other bloggers you may like ...

Click here to view this blog post


From Inbox to Impact: Turn Emails into Trust-Building Blog Posts

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

You can go from inbox to impact by quickly and easily turning repetitive emails into weekly blog posts with sBlogIt! done-for-you blogging service. We ...

Click here to view this blog post


The Importance Of Being Earnest

Posted by Pritesh Ganatra on https://blog.btsuk.net

I still believe in the notion that 'people buy from people', however, we seem to be in a world where people are being pressured into buying technology ...

Click here to view this blog post


The DIY business health check: See What's Really Going On

Posted by Steph Birch on https://blog.birchstrategicservices.com

Here's a DIY business health check to surface real bottlenecks fast. Skip the theatre and find the friction. Every growing firm needs a clear view of ...

Click here to view this blog post


Download an Anti-Money Laundering package that actually helps!

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

Want Anti-Money Laundering made simple? My updated AML package offers templates, checklists, and practical tips that slot straight into your workflow. ...

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