Tax & Spend
Hunt Dismisses UK Tax Cuts and Warns Against Green Subsidies
- Chancellor argues leaving EU can be ‘catalyst’ for prosperity
- Plans to tackle crisis in economic inactivity, sluggish growth
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Chancellor of the Exchequer Jeremy Hunt dismissed calls for tax cuts and pushed back against green energy subsidies, warning that “sound money must come first” as he argued that Brexit will drive UK economic growth.
In an interview with Bloomberg TV, Hunt said: “At the moment, we don’t have the headroom for major cuts. Businesses want that, who wouldn’t? But what businesses want even more is stability.”