Jeremy Hunt to promote low-tax and private sector ‘retooling’ of industry

Chancellor also expected to tell markets that government spending will remain within strict limits

Jeremy Hunt will defend the government's vision for Britain's economic future in a speech to City executives in London on Friday, when he will lay out plans for investment and growth.

The chancellor will say he wants to promote policies that allow the private sector to retool the UK's industrial base and reskill the workforce to generate strong growth over the next decade.