{"id":121403,"date":"2023-11-22T06:09:09","date_gmt":"2023-11-22T06:09:09","guid":{"rendered":"https:\/\/leviolonrouge.com\/?p=121403"},"modified":"2023-11-22T06:09:09","modified_gmt":"2023-11-22T06:09:09","slug":"brexiteer-highlights-3-glaring-problems-for-jeremy-hunt-as-he-prepares-budget","status":"publish","type":"post","link":"https:\/\/leviolonrouge.com\/politics\/brexiteer-highlights-3-glaring-problems-for-jeremy-hunt-as-he-prepares-budget\/","title":{"rendered":"Brexiteer highlights 3 glaring problems for Jeremy Hunt as he prepares budget"},"content":{"rendered":"

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As Jeremy Hunt prepares for today\u2019s crucial budget, Brexiteer Ben Habib has highlighted what he claims are three crucial problems with the Chancellor\u2019s pledge to cut takes responsibly.<\/p>\n

And the former Brexit Party MEP believes the Tories cannot be trusted when it comes to wealth creation – stressing: \u201cTaxes should have been cut years ago.\u201d<\/p>\n

Mr Hunt will deliver his crucial financial statement in the House of Commons, with cuts to national insurance for 28 million people reportedly be at its heart.<\/p>\n

There are also rumours that he will scrap inheritance tax, while he has not ruled out the possibility of tax cuts either.<\/p>\n

However, speaking on Monday, Mr Habib, founder and CEO of commercial property fund manager First Property Group plc, was not optimistic.<\/p>\n

READ MORE: <\/strong> Rishi Sunak’s blunt five-word slapdown after Argentina’s Falklands demand<\/strong><\/p>\n

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He told Express.co.uk: “Hunt says he will act responsibly in cutting taxes so as not to stoke inflation.<\/p>\n

\u201cThere are at least three implicit problems in his statement.\u201d<\/p>\n

He explained: \u201cThe first is that government spending is less inflationary than if we ourselves spend that which is rightfully ours.<\/p>\n

\u201cThe second is that we are profligate, the government is not. There is scant evidence for this. Indeed, all the evidence points to government wastefulness, fraud and ineptitude when it comes to disbursing our cash.<\/p>\n

Jeremy Hunt tells Trevor Phillips ‘there is so much defeatism’<\/h3>\n

\u201cThe third is that government is responsible for managing inflation. It is not. That is the job of the Bank of England.\u201d<\/p>\n

Mr Hunt had declared that with tax cuts, his would be a budget for growth, Mr Habib pointed out.<\/p>\n

He continued: \u201cThe implication here being that previous budgets had not been designed to grow the economy.<\/p>\n

\u201cIn short, he was admitting gross mismanagement of the economy. With that I agree.<\/p>\n