Jeremy Hunt is said to have told Sir James Dyson that he should try running to become an MP himself if he wants to have a bigger say in government policy.
Vacuum tycoon Sir James has been critical of the government's economic approach in recent months. The billionaire entrepreneur has also praised Mr Hunt's predecessor as Chancellor, Kwasi Kwarteng, whose mini-budget precipitated the end of his tenure and Liz Truss' premiership.The exchange between Mr Hunt and Sir James came during a meeting at the Treasury last week to discuss tax relief for research and development, as first reported by the Financial Times.
Sir James has previously said that the UK is not prioritising economic growth enough, and risks falling behind other countries.Brexit backer Sir James, who claims to have invested £1.7 billion in the UK over the past five years, said that "wealth generation and growth" have become "dirty words". "I’ve always believed that inflation isn’t quite the enemy everyone thinks it is," he added.“If you’ve got growth, a bit of inflation doesn’t matter.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Politics latest: Chancellor Jeremy Hunt speaking to Sky News ahead of pre-election budgetThe pre-election budget will be delivered on Wednesday, with the Conservatives hoping to shift the dial as they languish in the polls.
Read more »
Jeremy Hunt is already getting his excuses in before the BudgetThe difficulty is that Hunt has allowed the expectation of a major intervention to take hold
Read more »
Everything to expect in Chancellor Jeremy Hunt’s Budget: From tax cuts to vape dutyWith the Chancellor is set to announce the Budget on Wednesday, here’s everything to expect based on the predictions so far.
Read more »
Jeremy Hunt Promises Tax Cuts Ahead of Budget AnnouncementJeremy Hunt pledges to provide 'permanent cuts' in tax to support families. The chancellor is expected to announce a 2p reduction to national insurance (NI) and extend the freeze on fuel duty. Other considerations include a new levy on vaping products, help for first time buyers, a tax on air passenger duty for business class travel, and cutting back on departmental spending. Labour criticizes the measures, stating that they won't be enough to undo the economic damage of the past decade.
Read more »
Budget 2024: Jeremy Hunt To Cut National Insurance Again In Bid To Avoid Tory WipeoutKevin Schofield is Politics Editor of HuffPost UK.
Read more »
Seven key points we can expect in Jeremy Hunt’s spring Budget todayChanges to National Insurance, income tax, and duties on fuel, alcohol, tobacco and vapes are expected.
Read more »