The Chancellor, Jeremy Hunt, has stated that it could take five to ten years for his vision to boost UK investment to come to fruition. Speaking at the Confederation of British Industry's annual conference, Hunt urged Brits to start highlighting the country's successes and opportunities.
Chancellor Jeremy Hunt's appearance at the CBI conference seen as a significant achievement
Jeremy Hunt's presence at the CBI conference is considered a major accomplishment for the organization, especially given his previous statement that there was "no point" in engaging with them due to a sexual misconduct scandal. During his speech, Hunt emphasized that the UK is the "most underrated" in terms of its potential.
Hunt's Autumn Statement promises measures to boost business investment
In preparation for his Autumn Statement, Jeremy Hunt revealed that it would include a "whole range of measures" aimed at increasing business investment and closing the investment gap with Germany and France. He urged the audience to assess the success of his plans based on the next five to ten years.
The Chancellor is also expected to announce a £320 million plan to support British start-ups, which will involve releasing pension fund cash and establishing a new growth fund in collaboration with the British Business Bank.
courtesy of thesun.co.uk