UK's Hunt promises to boost growth but won't budge on tax hike

UK’s Hunt promises to boost growth but won’t budge on tax hike

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British Finance Minister Jeremy Hunt will promise on Friday to tackle the country’s weak productivity with post-Brexit finance reforms to boost growth, but he will stick to tax hikes that have angered some MPs in his Conservative Party. Have given.

Hunt, which stabilized financial markets after the upheaval of former prime minister Liz Truss’ “mini-budget” last September, is preparing to announce plans for growth in the budget statement in March.

He intends to use a speech on Friday to counter talk of Britain’s economic decline and focus on growth industries including digital technology and a shift to newer, higher-value industries such as renewable energy and advanced manufacturing.

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