Hunt to reject calls to make corporate investment tax cut permanent

Industry leaders want three-year policy to be extended in next month's autumn statement

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.