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Home Opinion

Hearing the Chancellor talk up ­Britain is welcome – but voters want action

January 27, 2023
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Hearing the Chancellor talk up ­Britain is welcome - but voters want action
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Hunt’s punt

IT is certainly a welcome change to hear the Chancellor bullishly talking up ­Britain’s prospects. Few are currently brave enough to do that.

Jeremy Hunt even said that those despairing of our future, or even our present, are plain wrong. Our growth, he insists, is no worse than ­Germany’s and better than in France.

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His ambition for ‘the most competitive tax regime of any major country’ was music to our ears too. But, Mr Hunt, when will that happen?Credit: SIMON WALKER/No10/UNPIXS

This was a far chirpier Hunt than the funereal individual parachuted into the Treasury last year to calm the markets. 

Back then he delivered grim sermons about the impact of Covid, war and, yes, the mini-Budget under Liz Truss.

But he and Rishi Sunak HAVE ­steadied the ship — even if we are still ­borrowing vast sums to stay afloat.

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And it was refreshing to hear his optimism about a new UK “Silicon Valley” of tech startups and entrepreneurship.

How can Britain justify ploughing on with HS2 while up to our neck in debt?
We welcome govt considering 'Pumpwatch' body to stop drivers being ripped off

Our Brexit freedoms, he said, are key to turbo-charging flagging productivity and growth . . . quite the admission from a former Remain campaigner.

His ambition for “the most competitive tax regime of any major country” was music to our ears too.

But, Mr Hunt, when will that happen?

We agree that slashing inflation must trump immediate tax cuts.

But what we see is the tax burden at a 70-year high — and the Chancellor himself hiking corporation tax six per cent in April. How is that attractive to the firms he wants?

Factor in our inability to build enough affordable homes for workers and Mr Hunt’s Silicon Valley looks way off.

Likewise his drive to lure comfortable early-retirees back to work will remain a pipe dream without some concrete incentive such as pension tax breaks.

And, frankly, all talk of a golden future rings hollow with prices still soaring, pay lagging and the NHS in chaos. ­

Voters want immediate action on those, plus major tax cuts in due course and real growth to make us all better off.

The Tories may have little time to achieve any of it.

Train shame

WE don’t agree with Mr Hunt that it’s a “national embarrassment” Japan opened its first high-speed rail line some 70 years before we ever will.

HS2 bosses are weighing up delaying its Euston terminus to 2038 or scrapping it entirely

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HS2 bosses are weighing up delaying its Euston terminus to 2038 or scrapping it entirelyCredit: Getty

What IS is that HS2 was always a dubious idea, may never now do what it set out to and may have tripled in cost.

What will be an embarrassment is if it proves as pointless, archaic and underused as we suspect.

And the nation regrets the mind-blowing price tag wasn’t spent more wisely.

Had our fill

AS diesel fell 32p a litre on the wholesale market, the pump price dropped only 20p.

I’m 27 with 3 kids & had my first at 16…many are stunned at why I had kids young
Simple quiz reveals what your mental health is like - take the test
Petrol price rip-offs are nearing the end as MPs plan to appoint Pumpwatch regulator

3

Petrol price rip-offs are nearing the end as MPs plan to appoint Pumpwatch regulatorCredit: Alamy

Clinching proof that drivers are routinely ripped off.

That Pumpwatch monitor cannot come soon enough.





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