Chancellor John Healey’s economic plans have been criticised as insufficiently radical to deliver the promised new economic model.
The assessment says the measures announced so far fall short of the scale of action required. It presents the current package as a “micro-Budget”, suggesting that it does not yet provide a complete or far-reaching economic programme.
Attention is therefore expected to turn to a 10-year plan, which will have to address the shortcomings identified in the current proposals. That longer-term strategy is described as the point at which the remaining gaps will need to be filled.
The material supplied does not give further details of the measures involved or specify when the 10-year plan will be published. The latest position is that Healey’s existing plans are regarded as incomplete, with the promised economic model still dependent on the longer-term programme.
