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To re-establish the United Kingdom as a destination of choice for investment: this is the objective of the government of Rishi Sunak, while the country is facing inflation which is close to 11%, strikes not seen for a generation and company departures since Brexit. The Minister of the Economy, Jeremy Hunt, presented this Friday morning, January 27, his ” plan to reconnect with growth. The Chancellor intends to make Britain “ the new Silicon Valley “.
With our correspondent in London, Emeline Wine
Jeremy Hunt’s recovery plan is based on four pillars, the “4Es”. Business: the minister promises an “American-style” culture, to attract (among other things) start-up technology and finance. Education: keep British universities like Oxford and Cambridge at the top of world rankings, to attract skills. Employment: this is the key to productivity according to the Chancellor; for the moment the weakest of the G7. And then, the final objective is to revitalize all regions of the country, not just London, the ” Everywhere “, “everywhere” in English.
No concrete measures
Faced with an audience of journalists and representatives of the “tech” sector, Jeremy Hunt presented no concrete measures – we will have to wait for the budget in mid-March. He rejected any tax cuts: The best tax measure is to lower inflation “, he said.
A complicated economic context
This speech comes in a complicated economic context for the government. The bosses and the industrial representatives denounce the absence of “ long-term vision of pro-competitiveness measures. Reply from the Chancellor: We won’t get anywhere without optimism “. According to him, the statistics only give a truncated view of the British economy.
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