THE Chancellor has said it could take five to ten years for his vision to boost UK investment to come off.
Just two days before Jeremy Hunt is to reveal the Autumn Statement, he took to the stage at the Confederation of British Industry’s annual conference to tell Brits to start talking up the country’s successes and opportunities.
PAChancellor Jeremy Hunt was talking at the CBI’s annual conference, ahead of his Autumn Statement[/caption]
Mr Hunt’s appearance was seen as a big coup for the CBI, seven months on from him saying there was “no point” in engaging with the lobby group as it reeled from a major sexual misconduct scandal.
Mr Hunt told the audience that “Rome wasn’t built in a day” and he believed that the UK was the “most underrated..relative to its opportunities”.
Mr Hunt, who revealed he will eat porridge, with honey and banana, and an egg on toast before delivering his fiscal statement said the autumn statement will include a “whole range of measures designed to unlock business investment” to close an investment gap with Germany and France.
He told the CBI audience to judge his plans on what happened “in the next five to ten years”.
The Chancellor will today announce £320 million plan to boost investment in British start-ups including releasing pension fund cash and a new growth fund alongside the British Business Bank.
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