Jeremy Hunt’s £100bn Brexit freedom boost: Chancellor’s plan to axe EU red tape will prove he’s set on investment, source says
Jeremy Hunt will put scrapping EU red tape at the heart of a growth plan this week, as he outlines proposals to unlock £100billion of investment.
The Chancellor will use a major speech tomorrow to insist he is serious about boosting economic growth, despite being against tax cuts in the March Budget.
Mr Hunt is expected to focus on plans to scrap EU rules that prevent insurance firms and pension funds from investing in major infrastructure projects, such as roads, nuclear power stations and wind farms.
He will pledge to ditch the so-called Solvency II rules by summer, with Treasury…