Tory mayor calls for tax rises over spending cuts in Rishi Sunak’s autumn budget
2 years, 1 month ago

Tory mayor calls for tax rises over spending cuts in Rishi Sunak’s autumn budget

The Independent  

The Conservative mayor of the West Midlands has issued a plea to Rishi Sunak and Jeremy Hunt to raise taxes rather than cut public services in their crucial autumn statement next month. He also called on the prime minister and chancellor to defend funding for long-term capital projects like the HS2 rail link, broadband connectivity and skills training, telling BBC Radio 4’s PM: “This is investment in the underlying efficiency of the British economy… Don’t compromise on that.” Mr Street – who is held up by the Tory leadership as an example of Conservatives successfully wielding power in the traditionally Labour inner cities – said that voters in the West Midlands would put healthcare at the “top of the list” of what they want from government. “On short-term decisions on public services, whether it is health or police, they are the things that people in the West Midlands say are indications of whether the government is supporting these communities, so we can’t compromise on them,” said Mr Street. “If that means in the short term we have got to pay a little extra tax to protect them, that is where I am.” Mr Street also called on Mr Sunak not to ditch Ms Truss’s plans for investment zones offering tax breaks for companies which put money into factories, offices and homes in areas of the country needing development.

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History of this topic

Leaderless Tories can’t comment on biggest Budget for three decades
1 month, 3 weeks ago

Leaderless Tories can’t comment on biggest Budget for three decades

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 contest will draw to a close on Saturday, with …

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package
2 months, 1 week ago

Businesses, motorists and pension savers brace for Budget bombshell amid fears Rachel Reeves is plotting biggest EVER tax-raising package

Daily Mail  

Businesses, motorists and pension savers are braced for pain today amid fears Rachel Reeves could deliver one of the biggest ever tax-raising Budgets in a fortnight. Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30 Ms Reeves told the meeting that plans to fill what she has branded a '£22billion …

Rachel Reeves could hammer Brits with biggest tax-raising Budget EVER: Chancellor's '£40bn' package hitting NICs, CGT and inheritance tax might top Rishi Sunak's 2021 misery and Lamont's 1993 mega-rai
2 months, 1 week ago

Rachel Reeves could hammer Brits with biggest tax-raising Budget EVER: Chancellor's '£40bn' package hitting NICs, CGT and inheritance tax might top Rishi Sunak's 2021 misery and Lamont's 1993 mega-rai

Daily Mail  

Rachel Reeves could hammer Brits with one of the biggest tax-raising Budgets ever in a fortnight. Chancellor Rachel Reeves is preparing to unveil an eye-watering £40billion of tax hikes and spending cuts on October 30 Ms Reeves told the meeting that plans to fill what she has branded a '£22billion black hole' in the UK's finances will be enough only …

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 …

Labour capital gains tax rise speculation grows as top aide likes post
6 months, 1 week ago

Labour capital gains tax rise speculation grows as top aide likes post

The Telegraph  

Laura Trott, the Chief Secretary to the Treasury, said: “Labour think they can hide these secret tax rises until after the election, but we won’t let them get away with it. “Keir Starmer should come clean with the British people.” Labour has repeatedly insisted that it has no plans to raise taxes beyond the targeted raids it has already announced …

Glum Conservatives in U.K. try to shift the mood with promises as polls near
6 months, 1 week ago

Glum Conservatives in U.K. try to shift the mood with promises as polls near

The Hindu  

U.K. Prime Minister Rishi Sunak on Tuesday implored British voters, and his own party, to throw him a lifeline in the July 4 election, putting the promise of lower taxes at the heart of the Conservative Party’s election manifesto. Mr. Sunak acknowledged that “people are frustrated with our party and frustrated with me,” but argued that the Conservatives are “the …

Reform are closing gap on Tories as Farage returns to the fray - with new poll revealing Conservative voters 'like a lot' of what he stands for
6 months, 1 week ago

Reform are closing gap on Tories as Farage returns to the fray - with new poll revealing Conservative voters 'like a lot' of what he stands for

Daily Mail  

Nigel Farage's return to the political front line has given his party a four-point boost, according to the latest poll by Lord Ashcroft. The resurgent Right-wing party is now just six points behind with 15 per cent – up from 11 per cent last week when Mr Farage suddenly announced he would stand as a candidate in Clacton, Essex, and …

Sunak has showered voters with promises he knows he will never deliver
6 months, 1 week ago

Sunak has showered voters with promises he knows he will never deliver

The Independent  

The launch of the Conservative Party manifesto today – with the promise of tax cuts worth £17.2bn a year by the end of the next five-year parliament – represented Rishi Sunak’s last throw of the dice. The prime minister tried to transform the election into a battle over tax, offering another two percentage point cut in employees’ national insurance contributions …

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 …

Rishi Sunak’s tax bombshell has blown up in his face
6 months, 2 weeks ago

Rishi Sunak’s tax bombshell has blown up in his face

The Independent  

After last night’s TV debate, relieved Conservatives claimed Rishi Sunak had detonated another “Labour tax bombshell” with his repeated claim that the party’s £38.5bn of unfunded spending commitments would cost every working household £2,000. Sunak’s tax attack captured today’s front-page headlines and it might plant some seeds of doubt about Labour among the wavering Tory voters Starmer wants to win. …

Dramatic Tory party faithful's S.O.S to Rishi Sunak: Give us tax cuts NOW to avoid massive wipeout at the election
6 months, 3 weeks ago

Dramatic Tory party faithful's S.O.S to Rishi Sunak: Give us tax cuts NOW to avoid massive wipeout at the election

Daily Mail  

Rattled Tories have demanded Rishi Sunak cut taxes to 'save the party from oblivion' after the latest polling claimed they are heading for an unprecedented Election defeat. Rattled Tories have demanded Rishi Sunak cut taxes to 'save the party from oblivion' after the latest polling claimed they are heading for an unprecedented Election defeat Popular Conservatism, a Right-wing movement launched …

UK Prime Minister Rishi Sunak is betting that calmer economic conditions will get him re-elected
7 months ago

UK Prime Minister Rishi Sunak is betting that calmer economic conditions will get him re-elected

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. Sunak became prime minister in October 2022, when he replaced …

Lack of money for tax cuts persuades Rishi Sunak to call general election
7 months ago

Lack of money for tax cuts persuades Rishi Sunak to call general election

The Telegraph  

Mr Sunak’s announcement of an uplift in defence spending to 2.5 per cent of GDP further squeezed the amount of money left for an autumn budget, and there were fears that economic variables, such as inflation and growth, could go against the Government. Mr Sunak knew that an underwhelming pre-election budget would have done more damage than going to the …

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 …

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 should not cut taxes without explaining cost to public services, IFS warns
9 months, 3 weeks 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 looks at policing budget cuts
10 months ago

Jeremy Hunt looks at policing budget cuts

The Telegraph  

Jeremy Hunt is looking at scaling back public spending in next month’s Budget in a move that could shrink budgets for policing, border officials and prison staff by a fifth. The Chancellor is considering reducing the amount spent each year on public services after the next election from a one per cent rise in real terms to a 0.75 per …

Rishi Sunak cannot afford to become consumed by by-election defeats
10 months ago

Rishi Sunak cannot afford to become consumed by by-election defeats

The Independent  

At a time when Vladimir Putin is asserting his brutal power ever more blatantly, when Ukrainian forces are being pushed back, and when the situation in Gaza is bleaker than ever, the British prime minister cannot afford to be distracted by the protest votes for a minority party in by-elections. Labour has established a commanding lead, confirmed by the two …

Rishi Sunak prepared for UK elections? ‘Totally up for the fight’
10 months, 1 week ago

Rishi Sunak prepared for UK elections? ‘Totally up for the fight’

Hindustan Times  

British prime minister Rishi Sunak said that he is “totally up for the fight” of pitching his policies to the electorate to win another term. “At the beginning of this year there is a sense that the country is pointing in the right direction,” he said, adding, “Because economic conditions have improved, because the plan is working, you are starting …

Rishi Sunak earned £2.2 million and paid £508,000 in tax, documents show
10 months, 2 weeks ago

Rishi Sunak earned £2.2 million and paid £508,000 in tax, documents show

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 Rishi Sunak has published his …

Sunak hands councils £600m in emergency bailout amid cash crisis
10 months, 4 weeks ago

Sunak hands councils £600m in emergency bailout amid cash crisis

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 cabinet minister said £500m would go on enabling councils …

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops
11 months, 2 weeks 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 …

Rishi Sunak ‘considering scrapping inheritance tax’ ahead of general election
11 months, 3 weeks ago

Rishi Sunak ‘considering scrapping inheritance tax’ ahead of general 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 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 }} Rishi Sunak is …

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 …

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 …

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, …

Rishi goes 'Thatcherite' to save the election: NICs cut, 8.5% state pension hike and 6.7% benefits rise expected in bumper Autumn Statement tomorrow… despite UK's debt mountain soaring to £2.6tn
1 year, 1 month ago

Rishi goes 'Thatcherite' to save the election: NICs cut, 8.5% state pension hike and 6.7% benefits rise expected in bumper Autumn Statement tomorrow… despite UK's debt mountain soaring to £2.6tn

Daily Mail  

Rishi Sunak is splashing out to save the election with the Autumn Statement tomorrow set to include tax cuts as well as hiking pensions and benefits. Rishi Sunak is splashing out to save the election with the Autumn Statement tomorrow set to include tax cuts as well as hiking pensions and benefits Borrowing in October was more than the £13.7billion …

Sunak to give update on state of the nation’s finances ahead of autumn statement
1 year, 1 month ago

Sunak to give update on state of the nation’s finances ahead of autumn statement

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. “It requires enormous discipline year in, year out.” The one thing we won’t do …

Sunak vows to cut taxes but warns: ‘We can’t do everything at once’
1 year, 1 month ago

Sunak vows to cut taxes but warns: ‘We can’t do everything at once’

The Telegraph  

Rishi Sunak has vowed to cut tax and reward hard work in a speech on the economy ahead of the Autumn Statement. He said he would do so in a “serious, responsible” way and that “we can’t do everything all at once”, while emphasising the need for tax cuts to help boost economic growth and the “supply side” of the …

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, …

Boost for Rishi Sunak as he meets pledge to halve inflation
1 year, 1 month ago

Boost for Rishi Sunak as he meets pledge to halve inflation

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 received a much-needed boost as inflation fell to 4.6 …

Rishi Sunak considers tax cut for five million highest earners
1 year, 2 months ago

Rishi Sunak considers tax cut for five million highest earners

The Telegraph  

Downing Street is considering a tax cut for five million high earners next year to galvanise Tory voters after suffering historic by-election defeats in two “safe” Conservative seats. The threshold for paying the 40 per cent higher rate of income tax could be raised in an effort to plot a path to re-election despite polls predicting a Labour victory. Surveys …

Economic boost for Sunak - but fresh tax cuts calls erupt
1 year, 2 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 …

Scaled-back HS2 will jeopardise local investment, warns Tory Mayor
1 year, 2 months ago

Scaled-back HS2 will jeopardise local investment, warns Tory Mayor

The Telegraph  

Rishi Sunak’s plan to scrap the northern leg of HS2 will undermine hundreds of millions of pounds of investment in the West Midlands, the region’s Conservative mayor has warned. Andy Street urged Rishi Sunak to reconsider his opposition to the high-speed rail link, amid reports the Prime Minister is poised to scrap the Birmingham to Manchester section. The Tory mayor, …

The fall in inflation is a boost for Sunak – but it leaves him no wriggle room
1 year, 5 months ago

The fall in inflation is a boost for Sunak – but it leaves him no wriggle room

The Independent  

Today’s bigger than expected fall in inflation is welcome news, but Rishi Sunak cannot celebrate – for there is a growing recognition among ministers that inflation has blown a hole in his general election strategy. Core inflation, which excludes items such as food and fuel, dropped from 7.1 per cent to 6.9 per cent, though it is still sticky, and …

Rishi Sunak plotting autumn 2024 election ‘after income tax cut’
1 year, 8 months ago

Rishi Sunak plotting autumn 2024 election ‘after income tax cut’

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. A senior government source told the newspaper: “It’s all about …

Tax expert questions whether PM’s capital gains tax arrangement should continue
1 year, 9 months ago

Tax expert questions whether PM’s capital gains tax arrangement should continue

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 Rishi Sunak is benefiting from …

Britain’s economy improving may not keep Sunak in power
1 year, 9 months ago

Britain’s economy improving may not keep Sunak in power

Live Mint  

Chancellor of the exchequer Jeremy Hunt had some good news to deliver Wednesday. On this front, the Tories seem to be up against what Kyla Scanlon dubbed a “vibecession”—when the economy isn’t doing so badly, but people feel glum about their prospects. The problem Hunt and Sunak have is that the numbers might be saying “we’re getting better,” but ordinary …

Tory tax cuts pressure group ‘has enough members to defeat Government’
1 year, 10 months ago

Tory tax cuts pressure group ‘has enough members to defeat Government’

The Telegraph  

A Tory pro-tax cuts pressure group led by allies of Liz Truss claims to have more than 50 MPs signed up, theoretically giving it the numbers to inflict defeats on the Government. The Conservative Growth Group even has some “shadow members” who are ministers helping to lobby from inside the Government, according to sources in the group. Weekly meetings are …

STEPHEN GLOVER: Suddenly the economic clouds are lifting...
1 year, 10 months ago

STEPHEN GLOVER: Suddenly the economic clouds are lifting...

Daily Mail  

Could Rishi Sunak turn out to be a luckier Prime Minister than almost anyone has imagined? Item one is the growing consensus that interest rates, which were raised to 4 per cent last week, are unlikely to go up beyond 4.5 per cent, and should start to drop as inflation falls. This is what Huw Pill, the Bank of England’s …

Business chiefs clamour for action after Bank of England governor gives upbeat verdict on economy
1 year, 11 months ago

Business chiefs clamour for action after Bank of England governor gives upbeat verdict on economy

Daily Mail  

Rishi Sunak faced fresh pressure to cut taxes last night after the Bank of England said Britain had ‘turned a corner’ on inflation. The Prime Minister risked a backlash yesterday by suggesting only ‘idiots’ would not understand why he was refusing to cut taxes when inflation remained high and the public finances were still recovering from Covid spending. The Prime …

How Britain can scrap £24bn of tax rises and still avoid a recession
1 year, 11 months ago

How Britain can scrap £24bn of tax rises and still avoid a recession

The Telegraph  

But will the unexpected uptick pave the way for Rishi Sunak – who has so far styled himself as a cautious economic firefighter – to transform the political narrative and unravel his government’s punitive £24bn tax rises? “To support families through this tough patch, we will provide an average of £3,500 support for every household over this year and next …

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 …

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 …

Jeremy Hunt faces backlash over shock budget plans to raise the top rate of tax to 50p
2 years, 1 month ago

Jeremy Hunt faces backlash over shock budget plans to raise the top rate of tax to 50p

Daily Mail  

Rishi Sunak faced mounting opposition last night over Budget plans to reinstate Labour's 50p top tax rate. The Mail revealed yesterday that Chancellor Jeremy Hunt is considering shock moves to raise the current 45p rate, despite warnings it would break the Tories' 2019 manifesto pledges on tax. The Mail revealed yesterday that Chancellor Jeremy Hunt is considering shock moves to …

Sunak and Jeremy Hunt 'think the unthinkable' to fill '£60bn' black hole
2 years, 1 month ago

Sunak and Jeremy Hunt 'think the unthinkable' to fill '£60bn' black hole

Daily Mail  

Lowering threshold for top rate or even increasing it from 45p to 50p on table Rishi Sunak looking to raise more money from top earners to help balance books A raid on top earners, 'stealth' hikes for ordinary workers and higher council tax is on the cards as Rishi Sunak and Jeremy Hunt scramble to balance the government's books. There …

How Sunak's war on wealth risks reversing a 50-year march towards democratic capitalism
2 years, 1 month ago

How Sunak's war on wealth risks reversing a 50-year march towards democratic capitalism

The Telegraph  

When Jeremy Hunt looks down the list of options for raising revenue in the Autumn Statement, many theoretical options will already be crossed out in red ink. And the big three revenue generators of income tax, National Insurance and VAT are already off the table if the government wants to keep to its manifesto pledges. But, critics say, he has …

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