Jeremy Hunt becomes the new Chancellor of the Exchequer

The video discusses the need to address the growth paradox to fund public services and reduce taxes. It highlights the importance of competitive business taxes for economic growth. The speaker acknowledges the need for tough decisions on spending and taxes due to current challenges. Despite these challenges, there is significant potential for growth, supported by upcoming policies. The video emphasizes confidence in the British economy, citing its top universities and financial centres.

What does the speaker suggest is necessary to instill confidence in the economy?

What potential for growth is highlighted in the text?