'We need to restore Britain's economy,' says Jacob Rees Mogg

'We need to restore Britain's economy,' says Jacob Rees Mogg
GB NEWS
Jacob Rees-Mogg

By Jacob Rees-Mogg


Published: 24/03/2025

- 21:59

OPINION: Jacob Rees Mogg shared his views ahead of this week Spring Budget

Britain seems to be broken. This week, the Chancellor will announce her spring statement, in which she will rearrange the deckchairs on her own personal Titanic.

Bloomberg has estimated that, along with the £5billion saved from welfare and £2.5billion from foreign aid, the Chancellor will try to make a further £10billion in savings across various departments.


But Annabel Denham at The Telegraph put it succinctly when, last week, she wrote that this is now a country where 28 million private sector workers are expected to support nine million economically inactive people, six million public sector staff, and 13 million state pensioners.

In other words, every single private sector worker supports someone outside the private sector with their taxes. The size of the state has ballooned. 5.5 million working-age people are on benefits.

Jacob Rees Mogg

Jacob Rees Mogg said "Britain appears to be broken"

GB NEWS

Debt is the size of GDP. Servicing the debt is our third-highest cost, and growth is practically non-existent.

So, we need a radical plan to slash the size of the state, cut taxes, unleash growth, and encourage investment. But the plan to save the United Kingdom goes well beyond restoring economic prosperity.

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We need to restore legal migration to pre-New Labour levels, aiming for a sensible net zero. The country has become addicted to immigration because of the way the OBR mistakenly believes it boosts economic growth.

While it may increase GDP marginally, it has lowered GDP per capita.

We need to restore common sense to our asylum policy, and this means repealing the European Human Rights Act or the Human Rights Act under our own law, and leaving the European Convention on Human Rights.

All rights come to the King in Parliament from the British people, not from unelected foreign courts. But it also means restoring the judiciary to common sense.

Returning the role of Lord Chancellor to oversee the judiciary, bringing back the Law Lords, and abolishing the Supreme Court.

Not only will this help ensure illegal migrants and criminals are deported, but it ought to end judicial activism and overreach.

We need to repeal the Equality Act. It has perverted the ancient common law principle of equality before the law.

It is to blame for the dangerous and wasteful rise of Diversity, Inclusion, and Equality (DIE) ideology in employment in the public sector, as it happens, costing you millions of your tax pounds and harming businesses owing to its regulations on Labour and reporting requirements.

Only when we implement the project to restore the United Kingdom's Constitution can we expect a return of prosperity to this nation.

Did you know that in 2000, GDP per capita in the UK was only 10 per cent below that of the US? It's now 40 per cent below. That is the scale of our challenge.