WEALTH is turning into a dirty word among suspicious Brits, a Tory leadership contender will say today.
Treasury Chief Secretary Liz Truss will warn of “an insidious notion being allowed to infect Britain” that people’s riches are never deservedly earned.
The Cabinet minister will claim: “Whatever the risk someone has taken, whatever the hard work they have put in, it is subject to suspicion.
“I think this anti-success attitude is hugely damaging”.
The ambitious minister’s intervention will be seen as a thinly veiled attack on PM Theresa May’s hostility to boardrooms through out her premiership with her bids to introduce fat cat pay limits and more say for workers.
Instead, Ms Truss will call for the Government to facilitate entrepreneurial risk taking, adding: “Our No1 challenge is economic growth.
“The way we are going to get growth up is to leave our comfort zone, challenge ourselves, and take more risks.”
Ms Truss will also tell the Financial Times’ Brexit and Beyond conference of the dire need to overhaul Britain’s housing system and transport networks.
Boosting links between towns and cities will allow them to expand.
Major reform is also needed to Britain’s planning rules to allow more houses to be built and drive down the spiralling costs or rent and home ownership.
Ms Truss will add: “We need to reform and liberalise our planning system – just as countries like Japan and Germany have”.
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