
Jeremy Hunt hails biggest tax cuts since Thatcher but IFS says autumn statement ‘not good for growth’
The IndependentSign 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 taxes for the self-employed The chancellor maintained the triple lock, meaning state pensions will rise by 8.5 per cent He confirmed benefits would rise in line with September’s 6.7 per cent inflation figure He also extended a freeze on alcohol duty and boosted the living wage to £11.44 an hour But he unveiled a benefits crackdown campaigners warned will “punish” the disabled Rachel Reeves used The Independent’s Saatchi & Saatchi scoop to attack the Tories Ministers are considering selling off shares in NatWest to the general public in the wake of the Nigel Farage “debanking” scandal Taken together, Mr Hunt boasted, his measures were the largest package of tax cuts since the 1980s. Tory grandee and former cabinet minister David Davis said the autumn statement was “pretty good” but he was concerned about so-called fiscal drag pulling millions into higher tax thresholds. Senior Tory MP David Jones told The Independent he hoped “more radical” tax cuts would come in the spring budget, while backbencher Ranil Jayawardena – a leading figure in Liz Truss’ tax-cutting camp – urged Mr Hunt to help the “squeezed middle” by cutting income tax in spring. Ex-Tory minister John Redwood also said more tax cuts would be needed “in due course”.
History of this topic

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