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Brexit: Javid signals plan to cut taxes or boost spending in event of no deal – live news

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Rolling coverage of the day’s political developments as they happen, including chancellor’s speech at Conservative party conference in ManchesterSajid Javid signals he has plan to cut taxes in event of no-deal Brexit
Javid’s Today interview – Summary 9.18am BST Here are the main points from Sajid Javid’s Today interview.I’m also clear that, if it was no deal, there would be a significant economic policy response. You have the independent Bank of England that will almost certainly think about a monetary policy response, and that’s for them. But I will be thinking about a fiscal, and other economic policy, response. Javid’s suggestion that BoE will act to stimulate the economy after a no deal Brexit is:

a) true
b) likely to go down like a bucket of cold sick in BoE, which has studiously said rates could go in either directionI think I do.Yes, we’ve been very clear, and we could not be clearer. What investors, businesses and others want to know is that you are going to end this uncertainty. We’ve had delay after delay after delay. Businesses want to see an end to the uncertainty. And the way we do that is leave.Whether it’s Michel Barnier or others involved in the EU side, they will say all sorts of things. It is part of a negotiating strategy. For most of the country, especially when you get out of our capital city, the main public transport people rely on is buses. And I think politicians just haven’t taken [them] seriously enough.If you are referring to these allegations of a personal nature that were made a couple of days ago, I’ve talked to the prime minister about that. First of all, he could not be clearer – absolutely clear that that they completely untrue. And I totally trust him on that. 8.29am BST Q: What has happened to the Tory inquiry into Islamophobia in the party?Javid says it will happen. Continue reading…

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Author : Andrew Sparrow

Publish date : 2019-09-30 08:28:01

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