Lord Jim ONeill has declined the Prime Minister’s offer to join his inner circle, citing a desire for flexibility and a preference to remain an independent voice rather than be bound by the financial constraints of government. ONeill calls for a realistic overhaul of welfare spending—currently costing £1 billion a day—and warns that the UK’s deficit is spiraling, with July alone seeing a £1.8 billion shortfall. He opposes wealth taxes and instead champions support for entrepreneurs and venture capital as key to economic growth. Drawing on his experience in Greater Manchester’s devolution model, he argues for more joined-up, locally accountable governance to tackle costs and drive national progress.
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