UK Doesn't Have Headroom for Major Tax Cuts: Hunt

The transcript discusses the need to incentivize investment to boost economic growth in the UK. It covers the upcoming increase in the corporate tax rate and the potential for specific reliefs to mitigate its impact. The speaker emphasizes the importance of prioritizing business tax cuts to maintain competitive tax rates. The UK is highlighted as having one of the lowest business tax rates among major countries, and the speaker encourages investment in the UK's strong industries, such as green industries, creative industries, life sciences, and technology.

What is the expected change in the corporate tax rate in April?

• A decrease by 3 percentage points

• No change

• An increase by 6 percentage points

• A decrease by 6 percentage points

What is the speaker's priority if tax cuts were possible?

• Personal tax cuts

• Healthcare tax cuts

• Business tax cuts

• Environmental tax cuts

How does the UK rank in terms of business taxes among major countries?

• Second lowest

• Second highest

• Highest

• Lowest

Which industries are highlighted as strengths of the UK?

• Automotive and agriculture

• Green industries and technology

• Tourism and hospitality

• Mining and textiles

What is the speaker's message regarding investment in the UK?

• The UK is not competitive for investment

• The UK is a top choice for investment due to its strengths

• Investors should look elsewhere

• The UK needs to improve its investment climate