Of his speech, a speech about economic growth. he started off with the backdrop of the five priorities set out by prime minister rishi sunak, the second others to grow the economy, that was the subject his speech. he said that there will be four pillars for growth, he talked about enterprise, education, employment and everywhere, in other words, talking about growth right around the uk and not concentrated in the south east of england. he talked about his ambition to make the uk the new silicon valley. he also criticised people who talk about declinism, in terms of the prospects for the british economy and said that whilst optimism was in short supply, he was optimistic. but, he did acknowledge in that speech that this plan is just that at the moment, a plan, a framework against which he said policies would be taken forward in the years ahead so, he wasn t talking about
There are absolutely decisions available to british policymakers to get britain growing and thriving post brexit, it s time to take them. and the real answer the industry is looking for is a plan. - a growing chorus of business leaders has been demanding a long term plan from the government to grow the economy, as key industries like cars see their weakest performance for decades. today the chancellor was keen to reassure them that the government does have a plan. just this month, columnists from both left and right have talked about an existential crisis, britain teetering on the edge and that all we can hope for is that things don t get worse. i welcome the debate, but chancellors are also allowed their say. and i say simply this declinism about britain is just wrong. the key to his plan half inflation, ensure taxes are low and create investment zones, mini canary wharfs for each growth industry with tax breaks
And i say simply this, declinism about britain it is just wrong. the key to the plan, half inflation, assure tax investment zones. tax breaks to attract investment. the verdict of overseas companies and executives is that britain is an extremely exciting country to invest and grow, and i think we should remember that and not get too sucked up in the latest economic statistics, because this is a difficult patch but we can get through it and there are tremendous opportunities on the other side. but inflation is forecast to half in the next year anyway, not because of anything the government is doing, but because global prices from oil and gas to shipping costs have been plummeting from last year s peaks, and jeremy hunt reversed his predecessor s decision to cut business and personal taxes. the only thing that will improve our growth prospects now is to get rid
Pleased about something you would be pleased about for another reason, but it is something we should be proud of and work hard for. something we should be proud of and work hard for- work hard for. let s get into the questions work hard for. let s get into the questions that work hard for. let s get into the questions that the work hard for. let s get into the questions that the chancellor i work hard for. let s get into the l questions that the chancellor has agreed to take. joe hill s from itv. welcome to viewers on bbc world. we are watching uk chancellorjeremy hunt on the right of your screen answering questions after a speech he has just given on answering questions after a speech he hasjust given on promoting growth in the uk. fin he hasjust given on promoting growth in the uk. on declinism, as ou oint growth in the uk. on declinism, as you point out. growth in the uk. on declinism, as you point out, many growth in the uk. on declinism, as you point out, many countrie
0ne top uk tech ceo says more detail is required. we need specific deliverable government policies- to get those right. does this look like a plan to you? i don t think we re there yet - for a plan, but one can be hopeful that in the coming months we ll see something concrete coming out. - this was the government and the chancellor s vision of a high tech future for the uk economy, from green industry, to financial technology, and of course artificial intelligence, but every country in the world is trying to do the same thing, and the bread and butter issues around the cost of living are never far away from the conversation. you talk about declinism, but it s disposable income that s declining. it s business investment that has declined, despite what you say about that survey. these are real issues. what are you doing to deal with them? faisal, you can choose statistics. i could also say to you that last year we became only the third trillion dollar tech economy in the world.