Jeremy Hunt
๐ค SpeakerAppearances Over Time
Podcast Appearances
It is that the way that you unlock economic growth
is not difficult.
There's actually widespread agreement amongst economists and there's widespread agreement across the political spectrum.
But the thing is, most of the things you do will take five years before they show through in the figures.
So you've got to be really determined.
If you talk about like the planning reform,
that make it easier to build a nuclear power station, which ridiculously takes about 20 years in this country.
If you change the law so that it only takes 10 years, that would be a good thing, but you won't see it in that parliament.
And so what you have to do is two things.
First of all, you have to be really determined really early and get those things done quickly while you've got the political capital.
But secondly, amongst all the things you can do, there are two or three things...
that would have an almost immediate impact.
And concentrate on those, because they will show through in the numbers.
Now, one of those is getting more people into work.
It reduces the amount you pay in benefits, and it also increases the number of people in work.
It means the taxes paid are high.
It helps the economy expand.
And I would have liked to have done, if I have a, probably my biggest regret actually as Chancellor is that I didn't crack into welfare reform right at the start.
Because I did crack into it, but I did it after a year.