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Angus Taylor lashes Labor's spending in fresh pro-business pitch

The shadow treasurer will hit out at government spending on Wednesday as he pitches the Coalition as the party of productivity gains and private sector-driven innovation.

Shadow treasurer Angus Taylor is going to step up his criticisms of Labor's economic policies. AAP Image/Mick Tsikas.

Shadow treasurer Angus Taylor is set to deliver his most excoriating attack on the government’s Future Made in Australia policy to date while attempting to reclaim the Coalition's historic position as the party of innovation and entrepreneurship.

Taylor will use a keynote address on Wednesday at FinTech Australia’s Intersekt Festival in Melbourne to heap pressure on his political opponents about high inflation and government spending.

“The more we rely on public sector growth to prop up the economy, the further we drift from the engines of growth—our businesses and industries,” Taylor will say, according to a draft copy of the speech provided exclusively to Capital Brief.

“It is not a pathway to prosperity because eventually the snake will eat its own tail," he will say.