Chancellor seeks to promote growth ahead of autumn statement that could spark a rebellion among Tory backbenchers defending marginal seatsJeremy Hunt has played down the prospect of immediate income tax cuts, pledging not to do anything in this week’s autumn statement that will fuel inflation.Although some Conservative backbenchers are eager for measures that would be quickly felt by households, the chancellor on Sunday sought to emphasise the need to promote growth and indicated that tax cuts were “not going to happen overnight”. Continue reading…
Source link : https://www.theguardian.com/politics/2023/nov/19/jeremy-hunt-warns-against-fuelling-inflation-after-downplaying-income-tax-cuts
Author : Ben Quinn Political correspondent
Publish date : 2023-11-19 23:43:26
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Autumn statement will avoid tax cuts that promote inflation, pledges Hunt
