Hopes that nearly 4 million low paid UK workers would be able to keep more of their earnings if personal allowances are uprated‘I’m reducing my hours’: fiscal drag’s impact in the cost of living crisisPressure is mounting on Jeremy Hunt to cut taxes in Wednesday’s autumn statement due to evidence that almost 4 million UK workers are to be dragged into paying income tax for the first time.In a crunch week for the government, Rishi Sunak fuelled expectations on Monday that his chancellor could use his speech to the Commons to launch personal tax cuts, saying the government could now “look forward” to the future after making progress on the economy. Continue reading…
Source link : https://www.theguardian.com/uk-news/2023/nov/21/pressure-grows-on-hunt-to-cut-income-tax-as-millions-more-face-paying-it
Author : Richard Partington and Pippa Crerar
Publish date : 2023-11-21 05:00:17
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Pressure grows on Hunt to cut income tax as millions more face paying it
