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 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

Now high earners are in Labour's tax crosshairs: Minister refuses to say if pledge not to hammer 'working people' includes the better paid - with fears 'stealth' raid will drag another 600,000 into hi
5 months, 1 week ago
Reeves eyes up to £40bn in tax rises and spending cuts in Budget
5 months, 2 weeks ago
Jeremy Hunt slams Labour's 'reckless' plans to cut defence spending
6 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
9 months, 1 week ago
UK’s glum Conservatives try to shift the mood with a promise of tax cuts as polling day nears
9 months, 3 weeks ago
Hunt attacks Starmer for ‘fake news’ as Chancellor hints another National Insurance tax cut – UK politics live
10 months, 2 weeks ago
Jeremy Hunt launches Tory fightback over Labour’s ‘disgraceful, fake news, lie’
10 months, 2 weeks ago
Labour's '£2,000 tax bomb for families': Jeremy Hunt warns every household will suffer to fill huge black hole in Keir Starmer's spending plans - as Chancellor says he wants to slash burden for Brits
10 months, 2 weeks ago
Relief for mortgage-payers as big banks start to cut mortgage prices - while bullish Jeremy Hunt urges Brits to vote Tory for tax cuts, warning Labour will hike burden immediately
10 months, 2 weeks ago
Labour tax rises are as sure as night follows day, says Jeremy Hunt
10 months, 2 weeks ago
Tories are planning to cut stamp duty in the autumn statement: Chancellor Jeremy Hunt is weighing up increasing the threshold at which homebuyers pay from £250,000 to £300,000
11 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'
11 months, 2 weeks ago
Watch live: MPs grill Jeremy Hunt on economy in House of Commons
1 year ago
The winners and losers from Jeremy Hunt’s 2024 spring Budget
1 year ago
Jeremy Hunt’s 2p Budget tax cut is not ‘silver bullet’ to rescue party, George Osborne warns
1 year ago
Budget 2024: Jeremy Hunt unveils £10bn national insurance cut – but average worker still £400 worse off
1 year ago
All the things missed out of Jeremy Hunt’s spring Budget
1 year ago
What is Jeremy Hunt’s record on tax cuts ahead of 2024 spring Budget
1 year ago
Britain’s Conservative government announces tax cuts it hopes can lift its ailing election fortunes
1 year ago
How taxes have soared to a near-record high under Tory rule
1 year ago
Jeremy Hunt’s Budget: key points at a glance
1 year ago
Middle classes will still be worse off despite Hunt’s tax cuts, says IFS
1 year ago
Hunt risks pensioner backlash with stealth tax raid for NI cuts
1 year ago
Jeremy Hunt signals end of National Insurance
1 year ago
2p or not 2p? Tax is just one of the questions facing Jeremy Hunt at the Budget
1 year ago
Jeremy Hunt warned of £2bn real-term cuts to NHS funding
1 year ago
Tax cuts will plunge thousands into poverty, thinktanks warn ahead of Jeremy Hunt’s spring Budget
1 year ago
U.K. Finance Minister dampens down hopes of tax cuts as election looms
1 year ago
Everything we learnt about Jeremy Hunt’s ‘prudent’ budget from Sunday interviews
1 year ago
I’d prefer to be Nigel Lawson but I need to be prudent like Gordon Brown, says Jeremy Hunt ahead of Budget
1 year ago
Jeremy Hunt could scrap ‘non-dom’ tax status in next week’s Budget
1 year, 1 month ago
Jeremy Hunt eyes ‘national insurance cut and vape tax’ for next week’s Budget
1 year, 1 month ago
Jeremy Hunt should not cut taxes without explaining cost to public services, IFS warns
1 year, 1 month ago
Hunt handed £9.2bn boost for Budget tax cuts
1 year, 1 month ago
Jeremy Hunt looks at policing budget cuts
1 year, 1 month ago
Jeremy Hunt eyeing cuts to public spending as recession deals blow to spring budget plans
1 year, 1 month ago
Budget will focus on economic growth, Hunt says amid reports of more tax cuts
1 year, 1 month ago
Jeremy Hunt shelves 2p income tax cut
1 year, 1 month ago
Hunt rows back on tax cuts, as Bank of England warns wage inflation still too high
1 year, 2 months ago
Britain’s Conservative government warned against tax cuts by IMF economist
1 year, 2 months ago
Worst debt burden since 1950s makes huge tax raid inevitable, warns IFS
1 year, 2 months ago
Jeremy Hunt handed £20bn of headroom for tax cuts this March
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
1 year, 2 months ago
Jeremy Hunt hints at more tax cuts before general election
1 year, 2 months ago
Rishi Sunak hints at pre-election tax cut to win votes
1 year, 2 months ago
Rachel Reeves’s plan for tax cuts is taking the voters for fools
1 year, 2 months ago
If we are to have tax cuts, the PM must choose wisely
1 year, 3 months ago
Jeremy Hunt sets March 6 as spring budget date
1 year, 3 months ago
Hunt gives Tory MPs early Christmas present - a hint of tax cuts next year
1 year, 3 months ago
DAILY MAIL COMMENT: Time for Mr Hunt to share the tax bonanza
1 year, 3 months ago

Discover Related