The chancellor will dismiss 'gloom' about the prospects for the UK economy and say the government will bring about long-term prosperity in a plan 'energised' by Brexit
"Like every G7 country, our growth was slower in the years after the financial crisis than the years before it," he will say.
Mr Hunt will also say:"Our plan for the years that follow is long-term prosperity based on British genius and British hard work.The chancellor will add:"It is a plan necessitated, energised and made possible by Brexit which will succeed if it becomes a catalyst for the bold choices we need to take. "It is a plan to use the proceeds of growth to support our public services at home, to support businesses in the new low-carbon economy and to support democracy abroad.Mr Hunt will also use his speech to announce that the government is to proceed with reforms to so-called"Solvency II" - an EU directive that governs the amount of funds British insurers are required to hold in reserve.
His address will come after a cabinet away day at Chequers yesterday, where Mr Hunt told ministers they must maintain their"disciplined approach" if they are to get inflation under control.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chancellor Jeremy Hunt to dismiss 'gloom' about economy - but set to resist calls for tax cutsThe chancellor is set to deliver an upbeat message today - and will claim the country is ''poised to play a leading role in Europe and across the world in the growth sectors which will define this century'.
Read more »
Jeremy Hunt to defy rightwing Tory MPs by rejecting calls for Budget tax cuts\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Ex-UK chancellor Hammond to chair crypto exchange Copper\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Jeremy Renner crushed by plough while 'trying to save nephew' from being hitJeremy Renner was reportedly trying to save his nephew from getting hit when he was crushed by his snow plough.
Read more »
Jeremy Renner was trying to save nephew when crushed by snowploughActor Jeremy Renner was attempting to save his nephew's truck after it was stuck in snow before he was 'ran over' by his snow plough, an incident report has stated
Read more »
Police hunt thug who threatened 19-year-old at knifepoint in attempted robberyThe victim was approached on a woodland footpath around 10.50am on January 20 before the thug allegedly threatened him with a knife and demanded his belongings.
Read more »