Author: News Desk

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…

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Autumn statement: Jeremy Hunt looks to cut UK taxes and ‘turbo-charge growth’ THE GUARDIAN SAYS Jeremy Hunt will announce 110 measures to boost Britain’s stagnant economy and bow to demands from anxious Tory MPs for tax cuts when he delivers his second autumn statement on Wednesday. In one of the last set-piece economic events before the general election, the chancellor will pledge to “turbo charge” growth while taking the first steps to cut personal taxes after recent sharp increases. Hunt is expected to offer a one-year extension to 100% tax breaks for business investment and cut national insurance contributions. Reductions…

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Autumn Statement latest: What businesses want from Jeremy Hunt FT SAYS The shadow chief secretary to the Treasury has welcomed the “tax cut for working people” expected in the government’s Autumn Statement on Wednesday, but said that it would not be enough to turn around 13 years of Tory “economic failure”. Chancellor Jeremy Hunt is expected to announce cuts to national insurance and the basic rate of income tax when he delivers his economic package on Wednesday. But Labour’s Darren Jones said the government is “still taking more money from us than ever before”. He told Sky News: “We need…

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