Minister rejects IFS claim that autumn statement means more austerity – UK politics live

9 months ago 39

Mel Stride claims efficiency drive will protect public services as Rishi Sunak and Jeremy Hunt head to Nissan plant in Sunderland

Good morning. We are expecting to hear from Rishi Sunak this morning. He and Jeremy Hunt, the chancellor, are in the north-east of England on a visit linked to the announcement that Nissan is investing £2bn in its plant in Sunderland where three new electric car models will be made. Jasper Jolly has the story.

In a statement about this issued this morning, Sunak said:

Nissan’s investment is a massive vote of confidence in the UK’s automotive industry, which already contributes a massive £71bn a year to our economy. This venture will no doubt secure Sunderland’s future as the UK’s Silicon Valley for electric vehicle innovation and manufacturing.

Making the UK the best place to do business is at the heart of our economic plan. We will continue to back businesses like Nissan to expand and grow their roots in the UK every step of the way as we make the right long term decisions for a brighter future.

Continue reading...
Read Entire Article