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Jeremy Hunt

๐Ÿ‘ค Speaker
643 total appearances

Appearances Over Time

Podcast Appearances

The Rest Is Money
283. Does the UK need to be rich?

Whereas in any other country.

The Rest Is Money
283. Does the UK need to be rich?

City like Middlesbrough would be able to solve that problem.

The Rest Is Money
283. Does the UK need to be rich?

And, you know, this is where we've gone wrong for a long time.

The Rest Is Money
283. Does the UK need to be rich?

And it's time to put that right.

The Rest Is Money
283. Does the UK need to be rich?

And we can look at nearly any other country.

The Rest Is Money
283. Does the UK need to be rich?

By the way, the disparity between London and the southeast and our regions is far higher in Britain than any other major economy.

The Rest Is Money
283. Does the UK need to be rich?

Because we don't allow areas to solve their own problems.

The Rest Is Money
283. Does the UK need to be rich?

So this is a no brainer.

The Rest Is Money
283. Does the UK need to be rich?

This is not left or right or, you know, Labour or Conservative.

The Rest Is Money
283. Does the UK need to be rich?

If we closed half the gap between London and our regions, that adds about 4% to GDP.

The Rest Is Money
283. Does the UK need to be rich?

That would make the average household about ยฃ1,000.

The Rest Is Money
283. Does the UK need to be rich?

Totally agree.

The Rest Is Money
283. Does the UK need to be rich?

And I think what I do in the book is I look all over the world and I try and look at the best things in every country.

The Rest Is Money
283. Does the UK need to be rich?

Now, America is brilliant at innovation and growing global tech giants.

The Rest Is Money
283. Does the UK need to be rich?

They're very good at giving their local cities proper autonomy to solve their own problem.

The Rest Is Money
283. Does the UK need to be rich?

They actually have a lower proportion of adults in work than we have in Britain.

The Rest Is Money
283. Does the UK need to be rich?

And when it comes to getting more people in work, I think the most interesting models are countries like the Netherlands, Denmark and Switzerland.

The Rest Is Money
283. Does the UK need to be rich?

And let's look at the heart of the problem.

The Rest Is Money
283. Does the UK need to be rich?

If you live in London and you're on the three main benefits for people out of work, which is the local housing allowance, personal independence payment and universal credit health component, and you're living in a one-bedroom flat, you'll get about ยฃ46,000 from the state.

The Rest Is Money
283. Does the UK need to be rich?

If you work full-time on the national living wage after tax, you get ยฃ22,000.