Unison general secretary says chancellor ‘completely ignoring vital public services’ after he gives speech on plans

Hunt says Brexit is an opportunity to work with regulators to create an economic environment which is “more innovation-friendly, and more growth-focused”.

He says he wants to create an “enterprise culture built on low taxes, reward for risk, access to capital and smarter regulation”.

Nor will we fix our productivity puzzle unless everyone who can participate does. So to those who retired early after the pandemic, or haven’t found the right role after furlough, I say: Britain needs you.

High taxes directly affect the incentives which determine decisions by entrepreneurs, investors or larger companies, about whether to pursue their ambitions in Britain

Sound money must come first but our ambition must be nothing less than to have the most competitive tax regime of any major country.

In case anyone is in any doubt about who will actually deliver that restraint to make a low tax economy possible, I gently point out that in the three weeks since Labour promised no big government chequebook they have made £45bn of unfunded spending commitments.