United Kingdom: Rishi Sunak's government wants to bring investors back
Jeremy Hunt (our picture) wants to make Britain 'the new Silicon Valley'.
AP - Frank Augstein
Text by: RFI Follow
1 min
Remaking the United Kingdom a destination of choice for investment: this is the objective of the government of Rishi Sunak, while the country is facing inflation that is close to 11%, strikes unprecedented for a generation and company departures since Brexit.
The Minister of the Economy, Jeremy Hunt, presented this Friday morning, January 27, his “
plan
” to return to growth.
The Chancellor intends to make Britain “
the new Silicon Valley
”.
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With our correspondent in London,
Émeline Vin
Jeremy Hunt's recovery plan is based on four pillars, the "4Es".
Business: the minister promises an “American-style” culture, to attract (among others)
technology and finance
start-ups .
Education: keep British universities like Oxford and Cambridge at the top of world rankings, to attract skills.
Employment: this is the key to productivity according to the Chancellor;
for the moment the weakest of the G7.
And then, the final objective is to revitalize all regions of the country, not just London, the “
Everywhere
”, “everywhere” in English.
No concrete measures
Faced with an audience of journalists and representatives of the “tech” sector, Jeremy Hunt presented no concrete measures – it will be necessary to wait for the budget in mid-March.
He rejected any tax cut: “
The best fiscal measure is to lower inflation
,” he said.
A complicated economic context
This speech comes in a complicated economic context for the government.
Bosses and industrial representatives denounce the absence of a "
long-term vision
", of pro-competitiveness measures.
Chancellor's response: “
We will not achieve anything without optimism
”.
According to him, the statistics only give a truncated view of the British economy.
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