Britain’s Conservative government announces tax cuts it hopes can lift its ailing election fortunes
9 months, 2 weeks ago

Britain’s Conservative government announces tax cuts it hopes can lift its ailing election fortunes

Associated Press  

LONDON — British Treasury chief Jeremy Hunt sought Wednesday to bolster spirits within his Conservative Party with another tax cut for 27 million working people, hoping it can turn the political tide ahead of a general election this year. “We will continue to cut national insurance contributions as we have done today so we truly make work pay,” Hunt said in a packed and often rowdy House of Commons chamber. Labour leader Keir Starmer challenged Prime Minister Rishi Sunak to call an election for May 2, while describing the budget statement as the “last desperate act of a party that has failed.” There had been speculation that Sunak, who has the power to name the election date, might call it for May alongside local and mayoral elections. Hunt told Sky News after his statement that a fall election remains the “working assumption” but that “in the end, it’s a choice the prime minister makes.” Tim Bale, professor of politics at Queen Mary University of London, said he doubted the modest measures in the budget would be enough to make Sunak gamble on a May election.

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History of this topic

Labour Budget 2024: Ask our chief political commentator anything – from minimum wage rise to inheritance tax
1 month, 3 weeks ago

Labour Budget 2024: Ask our chief political commentator anything – from minimum wage rise to inheritance tax

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. Please try again later {{ /verifyErrors }} Welcome to an …

Scrapping non-dom tax regime ‘will cost Britain £6.5bn’
2 months, 1 week ago

Scrapping non-dom tax regime ‘will cost Britain £6.5bn’

The Telegraph  

Scrapping Britain’s non-dom tax regime would cost the country £6.5bn by 2035, a think tank has warned. Plans to abolish the tax status would wipe out 23,000 jobs over the next six years through lost investment and consumption, according to a report by the Adam Smith Institute. Former chancellor Jeremy Hunt announced plans to scrap the tax status in his …

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances
4 months, 3 weeks ago

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances

Hindustan Times  

LONDON — Britain’s new left-leaning government said Sunday that the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes. UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public …

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances
4 months, 3 weeks ago

UK is 'broke and broken,' new government says as it prepares to tackle shortfall in public finances

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 Britain’s new left-leaning government said Sunday that the nation is “broke …

UK is ‘broke and broken,’ new government says as it prepares to tackle shortfall in public finances
4 months, 3 weeks ago

UK is ‘broke and broken,’ new government says as it prepares to tackle shortfall in public finances

Associated Press  

LONDON — Britain’s new left-leaning government said Sunday that the nation is “broke and broken,” blaming the situation on its predecessors ahead of a major speech on the state of the public finances that is widely expected to lay the groundwork for higher taxes. “We are calling time on the false promises that British people have had to put up …

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
5 months, 4 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
6 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 …

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'
8 months, 1 week 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 …

Jeremy Hunt doubles down on £100,000 salaries: ‘It doesn’t go as far as you might think’
8 months, 4 weeks ago

Jeremy Hunt doubles down on £100,000 salaries: ‘It doesn’t go as far as you might think’

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 chancellor of the exchequer has stood by his comments that …

John Rentoul answers your spring Budget questions - from national insurance cuts to Tory poll numbers
9 months, 2 weeks ago

John Rentoul answers your spring Budget questions - from national insurance cuts to Tory poll numbers

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. Please try again later {{ /verifyErrors }} The big news, …

Budget at a glance: What measures did the Government announce?
9 months, 2 weeks 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 …

Non-dom tax status abolished in Jeremy Hunt’s 2024 Budget
9 months, 2 weeks ago

Non-dom tax status abolished in Jeremy Hunt’s 2024 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 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 chancellor confirmed he will abolish the system that lets …

Jeremy Hunt’s Budget: key points at a glance
9 months, 2 weeks ago

Jeremy Hunt’s Budget: key points at a glance

The Telegraph  

Welcome to our key points summary of the Budget. Jeremy Hunt sought to turn around Conservative electoral fortunes today as he placed tax cuts for workers and parents at the heart of his Budget. The tax cut will be paid for through a mix of tax increases elsewhere, on business class airfares, owners of short-term holiday lets, vapes and tobacco. …

Middle classes will still be worse off despite Hunt’s tax cuts, says IFS
9 months, 2 weeks 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 …

Hunt risks pensioner backlash with stealth tax raid for NI cuts
9 months, 2 weeks ago

Hunt risks pensioner backlash with stealth tax raid for NI cuts

The Telegraph  

Angering heartland voters is not the usual tactic of a Government going to the polls within months. Yet the goodwill this engendered may be squandered as pensioners are missing out on the best of the tax cuts announced at the Budget, just as they did at the Autumn Statement in November. Torsten Bell, chief executive of the Resolution Foundation, says: …

Jeremy Hunt signals end of National Insurance
9 months, 2 weeks ago

Jeremy Hunt signals end of National Insurance

The Telegraph  

There were some positive financial signs, with the Office of Budget Responsibility saying the UK was now out of recession after the economy shrank in the second half of last year. The OBR said personal tax cuts announced last autumn and on Wednesday only reversed around half the total extra tax revenue raised from the freezing of thresholds until 2028. …

2p or not 2p? Tax is just one of the questions facing Jeremy Hunt at the Budget
9 months, 2 weeks ago

2p or not 2p? Tax is just one of the questions facing Jeremy Hunt at the 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. But there is speculation that Mr Hunt could gamble …

Jeremy Hunt warned of £2bn real-term cuts to NHS funding
9 months, 2 weeks 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
9 months, 3 weeks 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’s non-dom tax ploy is straight out of the George Osborne playbook
9 months, 3 weeks ago

Jeremy Hunt’s non-dom tax ploy is straight out of the George Osborne playbook

The Independent  

It is still legal to shoot foxes, provided it is done humanely for pest control, and so Jeremy Hunt is set to shoot Labour’s fox by abolishing non-dom status in next week’s Budget. This Conservative ploy to scupper Labour has echoes of a similar cunning plan executed by George Osborne, which helped to wreck Gordon Brown’s reputation as prime minister. …

Jeremy Hunt eyes ‘national insurance cut and vape tax’ for next week’s Budget
9 months, 3 weeks 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 …

Fewer than 1 in 5 Tory voters want tax cuts if it means cuts to public spending
10 months ago

Fewer than 1 in 5 Tory voters want tax cuts if it means cuts to public spending

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. In the survey, 64 per cent of voters support keeping taxes as they are or …

Jeremy Hunt shelves 2p income tax cut
10 months, 1 week 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
10 months, 3 weeks 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 …

Hunt gives Tory MPs early Christmas present - a hint of tax cuts next year
1 year ago

Hunt gives Tory MPs early Christmas present - a hint of tax cuts next year

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. Please try again later {{ /verifyErrors }} Jeremy Hunt has …

Jeremy Hunt denies lying about ‘record tax cuts’ claim
1 year, 1 month 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 …

Winners and losers from Jeremy Hunt’s autumn Budget 2023
1 year, 1 month ago

Winners and losers from Jeremy Hunt’s autumn Budget 2023

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. Please try again later {{ /verifyErrors }} Millions of workers …

Hunt hints at more tax cuts before next election after ‘making a start’
1 year, 1 month 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 …

JASON GROVES: The election starts with Jeremy Hunt's Autumn Statement, but the Tories will need to go much further to win
1 year, 1 month ago

JASON GROVES: The election starts with Jeremy Hunt's Autumn Statement, but the Tories will need to go much further to win

Daily Mail  

Jeremy Hunt set the scene for the Tories' election campaign with a mini-Budget designed to show that the party is ready to return to its tax-cutting traditions. Pictured: Rishi Sunak and Jeremy Hunt yesterday Mr Sunak is painfully aware that the Conservatives face an uphill task to persuade voters that they can be trusted again to cut tax Both men …

Hunt’s tax cuts based on ‘implausible’ public spending squeeze – think tanks
1 year, 1 month 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 …

UK tax burden remains set for post-war record high, despite cuts
1 year, 1 month ago

UK tax burden remains set for post-war record high, despite 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 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. Please try again later {{ …

Hunt begins to ease historically high tax burden with eye on Tory election hopes
1 year, 1 month 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 …

Hunt's bold plan to 'get Britain growing': Chancellor heads for Parliament as he prepares to 'cut National Insurance payments for 28m Brits, hand businesses tax breaks and give OAPs an extra £18 a wee
1 year, 1 month ago

Hunt's bold plan to 'get Britain growing': Chancellor heads for Parliament as he prepares to 'cut National Insurance payments for 28m Brits, hand businesses tax breaks and give OAPs an extra £18 a wee

Daily Mail  

Jeremy Hunt headed for Parliament today as he vows to 'get Britain growing' by cutting taxes and cracking down on the workshy. Jeremy Hunt headed for Parliament today as he vows to 'get Britain growing' by cutting taxes and cracking down on the workshy Rishi Sunak and the Chancellor briefed Cabinet on the contents of the Statement today Mr Sunak …

Britain’s Conservative government pushes tax cuts in hopes of bolstering electoral chances
1 year, 1 month ago

Britain’s Conservative government pushes tax cuts in hopes of bolstering electoral chances

Associated Press  

LONDON — Britain’s Conservative government sought to regain the political initiative Wednesday with a series of tax cuts for businesses and individuals that it hopes will bolster its chances in a national election next year that opinion polls suggest it will lose. Treasury chief Jeremy Hunt said the British economy “had turned a corner,” with inflation and government borrowing down, …

Jeremy Hunt confirms pay boost for nearly 3million workers as living wage rises to more than £11 an hour
1 year, 1 month ago

Jeremy Hunt confirms pay boost for nearly 3million workers as living wage rises to more than £11 an hour

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 chancellor said move would “end low pay in this …

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

Hunt warns against fuelling inflation but hints at tax cuts for businesses
1 year, 1 month ago

Hunt warns against fuelling inflation but hints at tax cuts for businesses

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. But we …

UK Treasury chief signals tax cuts and a squeeze on welfare benefits are on the way
1 year, 1 month 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, …

Tax cuts ‘virtually impossible’, says Jeremy Hunt in blow for Tory right
1 year, 3 months ago

Tax cuts ‘virtually impossible’, says Jeremy Hunt in blow for Tory right

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. Please try again later {{ /verifyErrors }} Chancellor Jeremy Hunt …

Could the NHS weight-loss jab also shrink your tax bill?
1 year, 6 months ago

Could the NHS weight-loss jab also shrink your tax bill?

The Independent  

A £40m NHS pilot scheme in which obese people will be offered weight-loss jabs has been announced by the government in the hope of getting them back into work and reducing waiting lists. Steve Barclay, the health and social care secretary, said: “There could be potential economic benefits because economic inactivity, mental health challenge, MSK, various health challenges linked to …

Hunt rules out tax cuts amid efforts to cut inflation
1 year, 7 months ago

Hunt rules out tax cuts amid efforts to cut inflation

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Jeremy Hunt refuses to commit to tax cuts before 2024 election
1 year, 9 months ago

Jeremy Hunt refuses to commit to tax cuts before 2024 election

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. Several senior Tories spokes out against changes announced at Wednesday’s Budget – with Jacob Rees-Mogg …

UK unveils cost-of-living budget as mass strikes hit nation
1 year, 9 months ago

UK unveils cost-of-living budget as mass strikes hit nation

Firstpost  

London, United Kingdom: Britain’s finance minister unveils a cost-of-living budget on Wednesday as the government seeks to keep a grip on public spending in the face of a fresh wave of strikes over pay. “However, both the lifetime and annual allowance apply across all types of private pensions and so this announcement would increase the retirement savings limits for millions …

Hunt told he must cut taxes as recession avoided by thinnest of margins
1 year, 10 months ago

Hunt told he must cut taxes as recession avoided by thinnest of margins

The Telegraph  

Business leaders are calling on Chancellor Jeremy Hunt to cut taxes to boost growth, after the UK economy shrank by more than expected in December. Official figures show the UK narrowly avoided falling into recession at the end of last year, however the economy shrank by more than expected. “All eyes are on the Chancellor’s March budget, when businesses will …

Hunt ushers in new era of high tax, big state Britain
2 years, 1 month ago

Hunt ushers in new era of high tax, big state Britain

The Telegraph  

Mr Johnson said that debt interest, which is expected to stay at around £100bn a year, plus higher spending on health and on benefits, “entirely explains the growth in the size of the state over the period from 2019 to the later years of this decade”. “We want low taxes,” Jeremy Hunt said on Thursday, even as he introduced a …

Autumn Budget: Britons react to tax rises and service cuts after Jeremy Hunt's announcement
2 years, 1 month ago

Autumn Budget: Britons react to tax rises and service cuts after Jeremy Hunt's announcement

Daily Mail  

Beleaguered Britons face tax hikes and cuts to services after Chancellor Jeremy Hunt's extraordinary emergency Budget unveiled today. Amelia Welford, 24, and Jordan Sykes, 23, are parents to six-month-old Blossom, and have not put the heating on this year due to their sky high energy bills NAME: Amelia Welford and Jordan Sykes AGE: 24 and 23 HOME: Redcar, North Yorkshire …

Tories increase taxes, cut spending as recession looms
2 years, 1 month ago

Tories increase taxes, cut spending as recession looms

The Hindu  

The Rishi Sunak government announced a £55 billion “consolidation” package of tax hikes and spending cuts in an attempt to get Britain’s public finances back on track partly to undo the damage caused by former Prime Minister Liz Truss’s September ‘Mini-Budget’, which had startled markets. The ‘Autumn Statement’, which was a response to the soaring cost of living, high energy …

Jeremy Hunt warns of ‘storm’ ahead as he prepares to unveil £24bn of tax rises
2 years, 1 month ago

Jeremy Hunt warns of ‘storm’ ahead as he prepares to unveil £24bn of tax rises

The Telegraph  

Jeremy Hunt will say that Britain must “face into the storm” as he unveils £24 billion of tax rises. His long-awaited Autumn Statement will include £30 billion of spending cuts - although Mr Hunt will pledge to support core public services such as the NHS, schools and the police. However, there are rumblings of discontent on the Tory back benches …

Jeremy 'Scrooge' Hunt warns he will make 'horrible' decisions on tax and spending to save Christmas
2 years, 1 month ago

Jeremy 'Scrooge' Hunt warns he will make 'horrible' decisions on tax and spending to save Christmas

Daily Mail  

Jeremy Hunt warned Britons they are 'all going to be paying a bit more tax' after Thursday as he tries to rescue to the economy. The UK economy shrank by 0.2 per cent in the second quarter of the year, according to the ONS Chancellor Jeremy Hunt is on the hunt for tax as the 45p tax rate set to …

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