Treasury minister confirms Jeremy Hunt will cut personal taxes in Autumn Statement

FT says Laura Trott, Treasury minister, has confirmed that her boss Jeremy Hunt will cut personal taxes in his Autumn Statement on Wednesday, claiming the outlook for the economy had “completely changed”.

In spite of flatlining economic growth, a rising tax burden and creaking public services, Trott argued that a halving of inflation this year to 4.6 per cent was an economic turning point.

“The economy is in a very different place to where we were a year ago,” she said on Tuesday. “We can now focus on going for growth, pushing up the growth rate of the economy and cutting taxes for individuals.”

Read the full story on the FT