Sajid Javid says no deal would be opportunity for 'tax incentives' and attracting global talent
Britain should respond to a no-deal Brexit with tax cuts, increased spending on infrastructure and policies that will draw “global talent” to the country, Sajid Javid has suggested.
The Home Secretary told a specially convened Cabinet meeting last week that the Government should introduce new “tax incentives”, thought to include targeted cuts, to help the economy withstand the effects of leaving the EU without an agreement.
The intervention, seen as a rebuke of Philip Hammond’s insistence the Treasury could not afford tax cuts, will be welcomed by senior Brexiteers who have urged the Chancellor to prepare radical reforms of the economy to take advantage of the “opportunities” of Brexit.