The newspapers have given their verdict on Jeremy Hunt’s Autumn Statement with the traditionally Tory supporting press hailing tax cuts while those more critical of the government remind of the record tax burden and looming general election. While not much is made of Hunt ditching the widely predicted slashing of inheritance tax, reaction is generally […]
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Rishi Sunak has refused to commit to tax cuts or the HS2 link to Manchester despite growing calls for action from within his own cabinet. Secretary of state for levelling up Michael Gove told Sky News on Sunday he wants tax cuts before the next election. Sunak, interviewed on BBC 1, reiterated his priority is […]
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The pound has plummeted to its lowest ever level against the US dollar after the new Conservative government’s mini-budget collapsed confidence in the UK’s economic management. Early trading on Monday saw the pound plunge 5% against the dollar to just $1.03 before it managed to claw back two cents when London’s markets opened. Further turmoil […]
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The pound and UK stock markets have plummeted providing an immediate reaction to chancellor Kwasi Kwarteng’s mini-budget aimed to stimulate economic growth. The £45 billion package of tax cuts announced today (September 23) is the biggest tax give-away for 50 years – but experts say that half the cuts in personal tax will line the […]
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Chancellor Kwasi Kwarteng will announce tax cuts worth £30 billion in an emergency budget focused on boosting economic growth. Prime minister Liz Truss vowed to make tax cuts during the Conservative leadership campaign to provide “immediate” help for families and business struggling with inflation and the cost of living crisis. The Times reports that her […]
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Rishi Sunak’s claims to be a tax-cutting Tory chancellor have been debunked by the Office for Budget Responsibility (OBR). Sunak’s Spring Statement turned out to be a mini-budget and featured headline grabbing measures such as the 5p off fuel duty (for 12 months), a national insurance cut for 30 million workers and a pledge to […]
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