Wednesday 24 November 2021

Alexander Temerko speaks against high-tax economy

In the interview with the Telegraph Alexander Temerko said “The Government needs to lower taxes to stimulate business investment, especially in the infrastructure projects. Otherwise, we are going to lose any advantage that Brexit may bring, it will lower investment attractiveness of the UK, and Brexit will be one of the largest missed opportunities for this country. In addition to cutting taxes, it is also paramount to significantly cut regulatory red tape. For example, GB energy regulation, which is managed by Ofgem, is already more complex than in the EU with many decisions systematically being delayed. It is not a surprise that investors are starting to become disappointed.”


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