Tax cuts will plunge thousands into poverty, thinktanks warn ahead of Jeremy Hunt’s spring Budget
1 year ago

Tax cuts will plunge thousands into poverty, thinktanks warn ahead of Jeremy Hunt’s spring Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Think tanks have warned that further tax cuts are not in the public interest The International Monetary Fund said that tax cuts would be “very challenging to achieve” considering Britain’s ageing population and mounting debt pile, while the Institute for Fiscal Studies said the chancellor should not announce the tax cuts unless he can “provide more detail on its spending plans”. Speaking to The Independent, Dr Dibb said the public don’t want tax cuts “because they know they have been made at the expense of day-to-day spend public services as well as future capital investment”. open image in gallery Public services, such as the NHS, need more investment say campaigners Last month left-wing think tank the Resolution Foundation warned that the chancellor’s current spending projections mean that increasing day-to-day spending on public services by 1 per cent was a “fiscal fiction”. We cannot get the economy firing on all cylinders again without fixing the health crisis, tackling the NHS backlog and helping people back to work.” A Treasury spokesperson said: “This year’s cut to national insurance saves the average earner £450 per year and since 2010 we have taken 3 million people out of paying tax altogether.

Economy Tax Services Budget Public Services Treasury Public Think Cut Nhs Westminster Email View Hunt Cuts National Insurance Tax Cuts Chancellor Jeremy Hunt Mr Hunt Warn Nef  public  thousands  thinktanks  jeremy  think  chancellor  services  tax  hunts  cut  budget  hunt  economy  warn  plunge  poverty  cuts  spring

History of this topic

Starmer leaves door open for more tax rises and spending cuts in spring Budget
3 weeks, 2 days ago

Starmer leaves door open for more tax rises and spending cuts in spring Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Keir Starmer has refused to rule out more spending cuts and …

Will the Finance Minister's headline-grabbing tax cuts revive the growth genie?
1 month, 2 weeks ago

Will the Finance Minister's headline-grabbing tax cuts revive the growth genie?

New Indian Express  

Will the personal income tax cuts bring home the consumption bacon? Preliminary estimates indicate that the Rs 1 lakh crore worth tax revenue foregone due to personal income tax cuts will likely add Rs 14.8 lakh crore worth national output, or add roughly Rs 10 lakh crore to private consumption in FY26. According to KV Subramanian, Executive Director, IMF India, …

Budget risks causing job cuts, says Bailey
4 months ago

Budget risks causing job cuts, says Bailey

The Telegraph  

The Governor of the Bank of England has warned Rachel Reeves’s tax-raising Budget has put jobs at risk. Andrew Bailey said retailers were “right” to warn of potential job cuts as a result of the £40bn of tax rises in the Chancellor’s speech last month, referring to an industry-wide letter published today. Dozens of Britain’s biggest retailers have warned Ms …

Budget 2024: The chart that reveals the Budget’s real winners – and who will be hit hardest
4 months, 3 weeks ago

Budget 2024: The chart that reveals the Budget’s real winners – and who will be hit hardest

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery According to the Office for …

Spending plans mean £9 billion of cuts after next year, economists warn
4 months, 3 weeks ago

Spending plans mean £9 billion of cuts after next year, economists warn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. I am willing to bet a substantial sum that …

Senior minister declines to rule out extending freeze on income tax thresholds
5 months ago

Senior minister declines to rule out extending freeze on income tax thresholds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Streeting went on to say: “What we’re not …

Reeves eyes up to £40bn in tax rises and spending cuts in Budget
5 months ago

Reeves eyes up to £40bn in tax rises and spending cuts in Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Institute for Fiscal Studies chief Paul Johnson said that …

Wes Streeting hints budget cuts will go further than axing winter fuel payment– UK politics live
6 months ago

Wes Streeting hints budget cuts will go further than axing winter fuel payment– UK politics live

The Independent  

✕ Close Badenoch says she 'went from middle class to working class' after working at McDonald's Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, …

New Zealand Government Delivers Tax Cuts Despite OECD Advice
7 months, 3 weeks ago

New Zealand Government Delivers Tax Cuts Despite OECD Advice

Live Mint  

-- New Zealanders are about to keep more of what they earn as the new government follows through on an election promise to cut taxes despite a deepening budget deficit and advice from the OECD that the measures should be delayed. “This is a tax program that’s been designed to support low and middle-income working New Zealanders, those folk that …

Jeremy Hunt throws down the gauntlet on tax with five major tax cuts promises in first Tory budget - as Chancellor challenges Labour to rule out rises
8 months, 3 weeks ago

Jeremy Hunt throws down the gauntlet on tax with five major tax cuts promises in first Tory budget - as Chancellor challenges Labour to rule out rises

Daily Mail  

Jeremy Hunt has confirmed five major tax cuts will be included in a Conservative post-election budget, and has challenged his Labour counterpart to rule out any rises in her first budget. The Chancellor said National Insurance would be slashed for the employed and the self-employed, income tax would be cut for pensioners and the increased stamp duty threshold would be …

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears
9 months, 1 week ago

UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears

Associated Press  

LONDON — Prime Minister Rishi Sunak on Tuesday implored British voters, and his own party, to throw him a lifeline in the U.K.'s election, pledging to cut taxes and reduce immigration if his Conservative Party is reelected on July 4. With the Conservatives trailing the left-of-center Labour Party in opinion polls, Sunak acknowledged that “people are frustrated with our party …

Next government will be forced to raise taxes for public services, experts warn
10 months, 2 weeks ago

Next government will be forced to raise taxes for public services, experts warn

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The winner of the next general election will have to raise …

Labour WILL need to raise taxes if it wins the election and wants to avoid cutting public services, according to experts who say the current situation is 'unsustainable'
11 months ago

Labour WILL need to raise taxes if it wins the election and wants to avoid cutting public services, according to experts who say the current situation is 'unsustainable'

Daily Mail  

Labour will have to raises taxes yet further to maintain the UK's current level of public spending if it wants to avoid adding to the UK's already huge debt mountain, experts warned today. Despite a huge increase in tax revenues in recent years it is still not keeping up with the growth in public spending, the respected Institute for Fiscal …

Millions to get national insurance cut as new tax year starts
11 months, 2 weeks ago

Millions to get national insurance cut as new tax year starts

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Millions of workers will receive a national insurance cut as …

Budget 2024: Jeremy Hunt unveils £10bn national insurance cut – but average worker still £400 worse off
1 year ago

Budget 2024: Jeremy Hunt unveils £10bn national insurance cut – but average worker still £400 worse off

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The chancellor announced a further two percentage point slash to national insurance among a series …

Budget at a glance: What measures did the Government announce?
1 year ago

Budget at a glance: What measures did the Government announce?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt used the Budget …

Middle classes will still be worse off despite Hunt’s tax cuts, says IFS
1 year ago

Middle classes will still be worse off despite Hunt’s tax cuts, says IFS

The Telegraph  

Middle-class earners will still be paying more tax despite Jeremy Hunt’s £10bn National Insurance cuts, the Institute for Fiscal Studies has said. Anyone earning more than £60,000 faces a bigger tax bill this year because the Chancellor’s stealth income tax raid will cost them more than they will gain from reductions to other taxes on income. A person earning £61,000 …

Budget will reflect ‘economic better times coming up’, minister insists
1 year ago

Budget will reflect ‘economic better times coming up’, minister insists

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A minister has insisted the …

Jeremy Hunt warned of £2bn real-term cuts to NHS funding
1 year ago

Jeremy Hunt warned of £2bn real-term cuts to NHS funding

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt is facing warnings …

U.K. Finance Minister dampens down hopes of tax cuts as election looms
1 year ago

U.K. Finance Minister dampens down hopes of tax cuts as election looms

The Hindu  

British Finance Minister Jeremy Hunt on March 3 talked down the likelihood of tax cuts in this week’s budget, pledging “prudent and responsible” measures “for long term growth”. The Chancellor of the Exchequer had been widely expected to cut taxes in Wednesday’s budget, in a move seen as a way of closing the gap on the main Opposition Labour Party …

Jeremy Hunt eyes ‘national insurance cut and vape tax’ for next week’s Budget
1 year ago

Jeremy Hunt eyes ‘national insurance cut and vape tax’ for next week’s Budget

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery The chancellor is considering introducing a levy on vapes But the …

Jeremy Hunt should not cut taxes without explaining cost to public services, IFS warns
1 year ago

Jeremy Hunt should not cut taxes without explaining cost to public services, IFS warns

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The International Monetary Fund has warned Mr Hunt it would …

Jeremy Hunt eyeing cuts to public spending as recession deals blow to spring budget plans
1 year, 1 month ago

Jeremy Hunt eyeing cuts to public spending as recession deals blow to spring budget plans

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “If we stick to our guns, independent forecasters say that by the early summer we …

Budget will focus on economic growth, Hunt says amid reports of more tax cuts
1 year, 1 month ago

Budget will focus on economic growth, Hunt says amid reports of more tax cuts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Budget will be focused …

Jeremy Hunt shelves 2p income tax cut
1 year, 1 month ago

Jeremy Hunt shelves 2p income tax cut

The Telegraph  

Jeremy Hunt has shelved plans for a 2p cut to income tax at next month’s Budget as it was revealed the economy has entered a recession. He had also considered reducing National Insurance employee contributions by two percentage points as an alternative. However, the Office for National Statistics announced on Thursday that the economy had contracted 0.3 per cent in …

Hunt rows back on tax cuts, as Bank of England warns wage inflation still too high
1 year, 1 month ago

Hunt rows back on tax cuts, as Bank of England warns wage inflation still too high

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Jeremy Hunt told Tory MPs that he had far less …

IMF warns Chancellor to avoid further tax cuts
1 year, 1 month ago

IMF warns Chancellor to avoid further tax cuts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Jeremy Hunt could risk …

Greens cite PBO analysis showing reshaped stage 3 tax cuts still favour highest earners
1 year, 1 month ago

Greens cite PBO analysis showing reshaped stage 3 tax cuts still favour highest earners

ABC  

In short: Analysis from the independent Parliamentary Budget Office shows the lowest 40 per cent of income earners will receive just 9 per cent of the benefits from the government's tax cuts. Analysis from the independent Parliamentary Budget Office shows the lowest 40 per cent of income earners will receive just 9 per cent of the benefits from the government's …

Britain’s Conservative government warned against tax cuts by IMF economist
1 year, 1 month ago

Britain’s Conservative government warned against tax cuts by IMF economist

Associated Press  

LONDON — The International Monetary Fund’s chief economist has advised the U.K. government to avoid further tax cuts amid expectations Prime Minister Rishi Sunak’s battered administration will do just that to win over voters in an election year. Instead of reducing taxes, the government should ensure it is prepared to meet increasing demands for spending on the National Health Service, …

First Stage Three tax cuts... then Stage Four and Five? Shock theory about Anthony Albanese's tax plan as PM gives MPs dramatic five-word directive
1 year, 2 months ago

First Stage Three tax cuts... then Stage Four and Five? Shock theory about Anthony Albanese's tax plan as PM gives MPs dramatic five-word directive

Daily Mail  

Prime Minister Anthony Albanese has reportedly instructed Labor MPs to address questions about the Stage Three tax cuts by saying 'we haven't changed our position'. Prime Minister Anthony Albanese has reportedly given Labor MPs a five-word phrase to use about the Stage Three tax cuts, as a high-profile economist floats a radical plan that would cut everyone's taxes Stephen Koukoulas, …

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops
1 year, 2 months ago

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. It came as Labour accused Mr Sunak of offering voters a “raw deal”, claiming the …

Rachel Reeves’s plan for tax cuts is taking the voters for fools
1 year, 2 months ago

Rachel Reeves’s plan for tax cuts is taking the voters for fools

The Independent  

Rachel Reeves, the shadow chancellor, is said to be considering a promise of income tax or national insurance cuts in Labour’s election manifesto. Keir Starmer and Reeves have made common cause with the fairytale believers of the Liz Truss wing of the Tory party in criticising the “heaviest tax burden for 70 years”. “In a few days’ time, working people …

If we are to have tax cuts, the PM must choose wisely
1 year, 2 months ago

If we are to have tax cuts, the PM must choose wisely

The Independent  

As an important political year looms, Jeremy Hunt’s announcement that his Budget will take place on 6 March has prompted a flurry of speculation he will cut taxes in what is likely to be the last major fiscal event before the general election. Many Tories view it as a “tax on aspiration”, arguing that people should be able to pass …

Hunt’s tax cuts mean interest rates won’t drop until summer, economists warn
1 year, 3 months ago

Hunt’s tax cuts mean interest rates won’t drop until summer, economists warn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt’s move to cut …

Autumn Statement: Hunt’s ‘tax cuts’ dampened by another energy price cap rise - live
1 year, 3 months ago

Autumn Statement: Hunt’s ‘tax cuts’ dampened by another energy price cap rise - live

The Independent  

✕ Close Autumn budget 2023: Key announcements from Jeremy Hunt's statement Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The …

Tax cuts give voters ‘clear choice’ at election – Hunt
1 year, 3 months ago

Tax cuts give voters ‘clear choice’ at election – Hunt

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt said his autumn statement has given voters a …

Jeremy Hunt denies lying about ‘record tax cuts’ claim
1 year, 3 months ago

Jeremy Hunt denies lying about ‘record tax cuts’ claim

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rishi Sunak and Jeremy Hunt were under pressure to deliver …

Martin Lewis gives verdict on Jeremy Hunt’s 2023 autumn statement budget
1 year, 4 months ago

Martin Lewis gives verdict on Jeremy Hunt’s 2023 autumn statement budget

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Commenting on the chancellor’s “rabbit from the hat” national insurance announcement, Mr Lewis wrote: …

Hunt hints at more tax cuts before next election after ‘making a start’
1 year, 4 months ago

Hunt hints at more tax cuts before next election after ‘making a start’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “But what we can say is that, now we’ve …

Jeremy Hunt hails biggest tax cuts since Thatcher but IFS says autumn statement ‘not good for growth’
1 year, 4 months ago

Jeremy Hunt hails biggest tax cuts since Thatcher but IFS says autumn statement ‘not good for growth’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. It came as: Mr Hunt made a £11bn-a-year tax break for firms permanent and cut …

Hunt’s tax cuts based on ‘implausible’ public spending squeeze – think tanks
1 year, 4 months ago

Hunt’s tax cuts based on ‘implausible’ public spending squeeze – think tanks

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt’s tax giveaway is based on “implausible” plans to …

Hunt begins to ease historically high tax burden with eye on Tory election hopes
1 year, 4 months ago

Hunt begins to ease historically high tax burden with eye on Tory election hopes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Hunt said high employment taxes “disincentivise the hard …

National insurance cut for 28m people to feature in autumn statement – report
1 year, 4 months ago

National insurance cut for 28m people to feature in autumn statement – report

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Hunt refuses to rule out shock income tax cut amid warnings of revolt if budget favours rich
1 year, 4 months ago

Hunt refuses to rule out shock income tax cut amid warnings of revolt if budget favours rich

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A leading Tory advocate of tax cuts, Sir John Redwood, described the possibility of an …

Sunak to cut benefits for long-term sick unless they seek to work from home
1 year, 4 months ago

Sunak to cut benefits for long-term sick unless they seek to work from home

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak will threaten to cut benefit payments to hundreds of …

Jeremy Hunt to make last-minute decision on whether to cut income tax as former Home Secretary Suella Braverman urges party to demonstrate to the public that 'we're on their side'
1 year, 4 months ago

Jeremy Hunt to make last-minute decision on whether to cut income tax as former Home Secretary Suella Braverman urges party to demonstrate to the public that 'we're on their side'

Daily Mail  

Jeremy Hunt will make a last-minute decision this week about whether to cut income tax. Mr Hunt has, it is understood, agreed to lower National Insurance for self-employed workers, but a decision about income tax was 'going to the wire' after more positive economic news about the economy this weekend. Mr Hunt has, it is understood, agreed to lower National …

UK Treasury chief signals tax cuts and a squeeze on welfare benefits are on the way
1 year, 4 months ago

UK Treasury chief signals tax cuts and a squeeze on welfare benefits are on the way

Associated Press  

LONDON — U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling, but that any cuts will come along with a squeeze on welfare benefits. Hunt told Saturday’s Daily Telegraph newspaper that the British economy had “turned the corner.” He said that “there is a path to reducing the tax burden, …

PM says he will stick to his plan on reducing inflation amid calls for tax cuts
1 year, 4 months ago

PM says he will stick to his plan on reducing inflation amid calls for tax cuts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “So, will the Prime Minister agree in principle with …

Economic boost for Sunak - but fresh tax cuts calls erupt
1 year, 5 months ago

Economic boost for Sunak - but fresh tax cuts calls erupt

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Treasury minister Andrew Griffith said they were "not for the moment" when asked about the …

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