Chancellor Jeremy Hunt has denied making "crowd-pleasing" cuts to income and inheritance taxes in his Autumn Statement, in favour of measures to help grow the economy. Mr Hunt said he believed reducing the National Insurance for millions "would bring more people back into work."
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00:00 If I wanted to do crowd pleas as the head of an election, I would have looked at the
00:05 taxes that are on the tip of everyone's tongues, inheritance tax, income tax. I chose taxes
00:11 that are going to secure the long-term growth and prosperity of the economy. Businesses
00:16 said the single most transformative thing that I could do was a tax on reducing taxes
00:23 on capital investment. That's not a tax that most people have heard of, full expensing.
00:29 It makes a very big difference to having more jobs, better pay, higher living standards.
00:34 I think there are a lot more crowd pleasing things we could do if this was thinking about
00:38 an election. What people want though in an election is a Conservative government taking
00:44 long-term decisions for the future of the economy and that's what they saw yesterday.