The Financial Times says Jeremy Hunt admitted yesterday that corporate taxes were too high, as business called for the government to make good on promises to mend ties with the private sector.

Mr Hunt and Prime Minister Rishi Sunak were addressing corporate leaders at a Business Connect event where bosses called for the return of tax breaks on shopping for overseas visitors, the FT says. 

The paper observes many attendees were positive about the event, but said Mr Sunak needed to follow through with business-friendly policies.