Jeremy Hunt Vows Prudent and Responsible Tax Cuts in Budget 2024
TL;DR
Chancellor Jeremy Hunt aims to lower taxes in a responsible manner, emphasizing the need for "long-term growth" and prudent fiscal decisions. With pressure to reduce taxes ahead of the upcoming general election, Hunt is considering measures such as a further cut to National Insurance. However, the government's independent economic forecaster has indicated limited scope for tax reductions. The possibility of raising revenue through measures like a new tax on vapes and scrapping non-dom tax status is also being considered.
Topics:worldpolitics#budget-2024#jeremy-hunt#national-insurance#politics#responsible-fiscal-policy#tax-cuts
- Budget 2024: Jeremy Hunt says 'I will only cut taxes in a responsible way' BBC.com
- Tax and spending cuts will backfire, economists warn Jeremy Hunt The Guardian
- Hunt Pledges 'Prudent, Responsible' Budget as MPs Want Tax Cuts Bloomberg
- Jeremy Hunt warns of 'long path' ahead to cut UK tax burden Financial Times
- Hunt gives update on Budget tax cuts and hits out at 'intimidatory' protests – live The Independent
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