Jeremy Hunt proposes cutting spending for tax cuts

Creative Media NewsFriday, 16 February 2024, 12:000

Greater reductions in government expenditure are being considered by the Chancellor as a means to implement tax cuts.Economic forecasts released before the Spring Budget, which Jeremy Hunt believes depict a bleaker picture of public finances than previously anticipated, have prompted him to consider cuts.Mr Hunt has made no secret of his desire to reduce taxes, which are poised to reach their highest level in decades.

Lower UK government borrowing suggests tax cuts

Creative Media NewsTuesday, 23 January 2024, 12:000

Lower UK government borrowing suggests tax cuts

Sunak hints at more pre-election tax cuts

Creative Media NewsFriday, 19 January 2024, 20:000

Sunak hints at more pre-election tax cuts

Hunt eyes tax cuts with potential interest rate decrease

Creative Media NewsSaturday, 23 December 2023, 8:000

Hunt eyes tax cuts with potential interest rate decrease

Tax cuts ‘absolutely unachievable’ now, says Jeremy Hunt.

Creative Media NewsSaturday, 23 September 2023, 2:000

Chancellor Jeremy Hunt has stated that delivering tax cuts will be “virtually impossible” until the UK economy shows signs of improvement. With a less pessimistic economic outlook and the rising cost of living, there have been calls for tax reduction measures in the Autumn Statement scheduled for November. During an interview on LBC, Mr. Hunt...

Tax cuts help the wealthy, says Chris Philp.

Creative Media NewsThursday, 29 September 2022, 14:000

Chris Philp, chief secretary to the Treasury, tells that he “respectfully disagrees” with the IMF’s critique of the mini-budget from last week. A government minister has acknowledged that eliminating the highest income tax rate will primarily benefit the wealthy. Chris Philp, chief secretary to the Treasury, told that it was “correct” that eliminating the 45p rate would...

The pound falls to a historic low after tax cuts are proposed.

Creative Media NewsMonday, 26 September 2022, 6:000

The pound has reached a record low versus the dollar as markets respond to the United Kingdom’s largest tax cuts in half a century. In early Asian trade, the value of the pound dipped close to $1.03 before reclaiming ground to reach $1.07 by Monday morning, UK time. In anticipation of an increase in borrowing,...

Truss admits her tax cuts would benefit the wealthiest disproportionately.

Creative Media NewsWednesday, 21 September 2022, 18:000

Liz Truss has stated that she is willing to be unpopular with her tax policy because she believes it would benefit the British economy in the long run. The prime minister told that she took a bold stand and insisted she would proceed regardless of the repercussions. The prime minister defended any tax changes her...

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