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 in income tax are thought more likely in the spring, when low-paid workers will also receive the near-10% increase in the minimum wage announced on Tuesday.
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