Chancellor says vote led to ‘incredibly challenging time’ as he defends tax cuts paid for by public sector austerity
Business live – latest updates
Jeremy Hunt has blamed Brexit for more than half a decade of political instability that has undermined business investment in the UK, as he sought to defend tax cuts paid for by public sector austerity to drive up economic growth.
The chancellor said the outcome of the 2016 EU referendum had led to “political chop and change”, before the Covid pandemic added to turbulence at the heart of government.