LondonNet News Headlines
|Inflation Fall Boosts Brown's Business Image
- Enterprise is the key to prosperity, says Chancellor
LABOUR leaders pushing the party's strengthening link with business were given a fillip today when inflation figures revealed a sharp fall in the headline rate.
While the underlying rate, which excludes mortgage rate effects, rose slightly from 1.9 per cent to 2 percent, the headline rate fell from 2.3 points to 1.8. Both figures are well within the government's 2.5 inflation target and give credence to Chancellor Gordon Brown's status as a financial leader of prudence.
Meanwhile, Brown has been on the stump to claim entrepeneurs for the Labour Party, saying his pis now the party of business people. "In the 21st century, the more enterprising our people are the more prosperous our country will be," Brown said, adding that he wants to do more to prevent anti-competitive practises and enable more skills training.
For the oppostiiton Tory Party, shadow chancellor Michael Portillo was quick to join battle on the busines front: "Labour's higher business taxes and more red tape have taken Britain in the wrong direction," Portillo said.