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Deloitte comments on today’s ‘No Stone Unturned in Pursuit of Growth’ report

31 October 2012

Chris Gentle, head of insights at Deloitte, commented:

“Lord Heseltine’s report is comprehensive and proposes a radically different way of supporting economic growth to that which is currently exercised.

“However, the report still focuses on what government could and should do.  Whilst there may well be opportunities to optimise regional government spending, the focus returns to business to drive that growth.  In reality, levels of debt mean that the UK government has diminishing powers to drive wealth creation on their own.

“Actual growth and wealth creation has to come from thriving businesses and more must be done to nurture these.”

Ends

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In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

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Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

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