1.3 C
New York
Monday, December 5, 2022

Jeremy Hunt throws a tantrum as Rigby skewers him on Brexit

Jeremy Hunt has rejected forecasts of Brexit’s hit to the UK economy and that Liz Truss’s mini-budget inflicted long-term damage.

The Chancellor also denied that his autumn statement was an overcorrection that will cost the Tories the next election.

Speaking to Sky’s Beth Rigby Interviews, Hunt repeatedly said he did not “accept” the Office for Budget Responsibility’s prediction that Brexit will cause a 4 per cent GDP reduction in the long term.

“I don’t accept the 4 per cent,” he said, arguing that the fiscal watchdog’s forecast was based on a scenario where no other changes were made that could impact the size of the economy.

He claimed that with the decisions made in last week’s budget, “the recession, the impact on GDP is much less than it would have been. And there’s a lot of growth on the other side”.

“My statement on Thursday showed how we are going to forge a different economy outside the European Union, high skill, high wage, the world’s next Silicon Valley, and with our own regulations.”

Challenged over whether he only accepts figures he likes, he said: “I accept the ones I agree with and I don’t accept the ones I don’t agree with.

“That one I don’t agree with, because that is saying absent other changes, that could be the impact.”

Watch the clip in full below:

Source link

Related Articles

Man Utd set for huge boost with THREE players returning from injury when Premier League resumes after World Cup

MANCHESTER UNITED boss Erik ten Hag is set for a TRIPLE injury boost ahead of the resumption of the season later this month. That's because...

Market opens higher

| On 2/12/2022 at 3:39 p.m. At the close, the MASI and the MSI20 gained 0.05% at 11,028 points and 0.21% at...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe

Latest Articles

Man Utd set for huge boost with THREE players returning from injury when Premier League resumes after World Cup

MANCHESTER UNITED boss Erik ten Hag is set for a TRIPLE injury boost ahead of the resumption of the season later this month. That's because...

Market opens higher

| On 2/12/2022 at 3:39 p.m. At the close, the MASI and the MSI20 gained 0.05% at 11,028 points and 0.21% at...

Concerns raised over level of winter salting on Northern Ireland’s roads amid fears the cost of salt is to rise by 22%

Concerns have been raised over the level of winter salting on Northern Ireland’s roads amid fears the cost of salt is to rise by...

Bitcoin Stays Still Above $17,000 But Ethereum Continues To Outperform BTC Gain

KEY POINTSIn November, Bitcoin hit a new 2-week low when it traded at $15,000 levelEthereum showed stability and even outperformed Bitcoin gainsBitcoin was trading...