Chancellor Jeremy Hunt has not ruled out cutting income tax in Wednesday’s Autumn Statement, as he insisted economic growth was his priority.
Mr Hunt is finalising his statement, which will set out government spending plans.
The chancellor is known to be considering reducing taxes on income, inheritance and businesses.
The chancellor is known to be considering reducing taxes on income, inheritance and businesses.
The chancellor said he wanted to put the country on “the path to lower taxes” but would “only do so in a responsible way” that did not “sacrifice the progress on inflation”.
When asked if he would cut income tax, he said he would not comment on a decision ahead of the statement, adding: “Our priority is growth.”
Tax levels in the UK are at their highest since records began 70 years ago and are unlikely to come down soon, according to a leading think tank, the Institute for Fiscal Studies.
Ahead of the Autumn Statement, Tory MPs on the right of the Conservative Party, including former Prime Minister Liz Truss, have been urging the chancellor to announce tax cuts.
Chancellor Jeremy Hunt has not ruled out cutting income tax in Wednesday’s Autumn Statement, as he insisted economic growth was his priority.
The chancellor is known to be considering reducing taxes on income, inheritance and businesses.
Mr Hunt is finalising his statement, which will set out government spending plans.
The chancellor said he wanted to put the country on “the path to lower taxes” but would “only do so in a responsible way” that did not “sacrifice the progress on inflation”.
The chancellor is known to be considering reducing taxes on income, inheritance and businesses.
The chancellor is known to be considering reducing taxes on income, inheritance and businesses.
The chancellor said he wanted to put the country on “the path to lower taxes” but would “only do so in a responsible way” that did not “sacrifice the progress on inflation”.
When asked if he would cut income tax, he said he would not comment on a decision ahead of the statement, adding: “Our priority is growth.”
Tax levels in the UK are at their highest since records began 70 years ago and are unlikely to come down soon, according to a leading think tank, the Institute for Fiscal Studies.
Ahead of the Autumn Statement, Tory MPs on the right of the Conservative Party, including former Prime Minister Liz Truss, have been urging the chancellor to announce tax cuts.
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