Chancellor hopes to emulate Thatcher’s chancellor Nigel Lawson with bonfire of red tape, but move had its critics
Politics live: latest news and reaction on UK budget plans
Jeremy Hunt doled out the bad news in an autumn statement laden with tax rises and spending cuts, but he sought to buoy the fairly muted Tory benches behind him with a few nods to Thatcherism.
It was not the “iron lady” herself he channelled, but rather her second chancellor, Nigel Lawson, and his famed “big bang” deregulation drive that unshackled the financial markets and let business boom in the City.