UK chancellor announces major tax cut to boost economic growth

LONDON, Nov. 22 (Xinhua) -- British Chancellor of the Exchequer Jeremy Hunt on Wednesday announced a package of tax cuts for businesses and workers, designed to boost the country's economic growth.

"Our choice is not big government, high spending and high tax because we know that leads to less growth, not more. Instead, we reduce debt, cut taxes and reward work," Hunt told the House of Commons in his Autumn Stat