Autumn Statement 23: Chancellor Hunt promises 110 measures to grow UK economy

Reduce inflation and boost GDP growth

Chancellor Jeremy Hunt has promised 110 different measures to help grow the British economy and boost business investment by £20bn a year in his Autumn Statement, delivered in parliament today (22 November).

Hunt told MPs the measures include cutting business tax, attracting foreign investment, helping entrepreneurs raise money, boost productivity, reforming welfare and speeding up access to the electricity grid.  The chancellor said the Office for Budget Responsibility had estimated the combined impact of the measures will boost business investment, reduce inflation next year and grow GDP.  In his speech, he said that after a global pandemic and energy crisis the government has taken "difficult decisions" to get the economy back on track. Rather than a recession, "the economy has grown",...