Tax cuts could be announced before summer recess at the end of July

Sky News says tax cuts could now be announced before the summer recess, Sky News understands

Tax cuts could be announced before summer recess at the end of July

Sky News says tax cuts could now be announced before the summer recess, Sky News understands

Ministers have been forced to rethink plans after grim forecasts from the Bank of England suggested the economy was now at risk of recession.

Inflation is also likely to be higher than expected just six to eight weeks ago, putting pressure on the government to act sooner than planned.

Further help from the Treasury had been expected in August, when the energy regulator announces the next increase in the energy price cap.

Sky News understands minsters are now likely to have enough information to make decisions before the summer recess at the end of July.

This could include more help with energy bills and might include tax cuts although no decisions have been made.

https://news.sky.com/story/tax-cuts-could-be-announced-before-summer-recess-sky-news-understands-12610861

..………………….

FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:

FacebookPlease like our page

Twitter Twitter updates available in English and Arabic. Please follow us and we would love to hear from you

Instagram – Follow our pages in English and Arabic