About the criticism of the impact of Brexit and the economy in general, Hunt noted that the country’s growth was higher than that of France, Japan and Italy since the financial collapse of 2008, despite the economic challenges of the last decade. “Like other countries, the UK has been dealing with economic headwindscaused by a decade of black swan events: a financial crisis, a pandemic and then an international energy crisis,” he said.
“And my party understands better than others the importance of low taxes to create incentives and encourage stimulus of economic growth“, he added, after stressing that individuals and companies can only take risks when governments provide economic and financial stability.
According to the minister, the best tax cut at the moment is a cut in inflation and they will only be reduced “when the time is right”, while Brexit and investment out of London will be used to boost economic growth.
Orders and projections of the minister
These sayings of the minister are also framed in a context of strikes in the public sector Y concerns of a possible recession. For his part, Hunt advocated for “a more positive attitude to risk taking”, claiming that the UK is “too cautious” compared to the US. And he said that wants Brexit to be a “catalyst” for economic growth and improve the economy of the country.
The London government urged innovative companies to more easily access capitaland referred to Edinburgh reform package destined to make the UK a place more competitive for companies.
Hunt addressed the long-term impact of the pandemic on the UK workforce, saying that a fifth of working-age adults are economically inactive, with around five million people not working. In this sense, the minister urged those who left work: “The UK needs you” adding that “if we don’t unlock the potential of all citizens, we will never realize the potential of the country.”
Source: Ambito
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