Hunt to reject calls to make corporate investment tax cut permanent

Jeremy Hunt is poised to reject business calls to use next month’s autumn statement to extend a £10bn tax cut aimed at boosting corporate investment in the UK, despite growing concerns over the economy.

At the spring budget in March, the chancellor introduced the multibillion-pound “full expensing” investment relief by saying he wanted to make it permanent “as soon as we can responsibly do so” to help kickstart economic growth.