© Reuters. FILE PHOTO: FILE PHOTO: British Chancellor of the Exchequer Jeremy Hunt leaves Downing Road in London, Britain, September 13, 2023. REUTERS/Toby Melville/File Picture
LONDON (Reuters) – British finance minister Jeremy Hunt stated on Sunday that he wouldn’t implement tax cuts that might push up inflation.
The Sunday Occasions reported that Hunt was contemplating reducing revenue tax or nationwide insurance coverage in his Autumn Assertion price range replace on Wednesday.
“The one thing we won’t do is any kind of tax cut that fuels inflation,” Hunt instructed Sky Information.
When requested if he would reduce inheritance tax – a transfer the Sunday Occasions stated could possibly be delayed owing to unhealthy press – Hunt stated “everything is on the table” forward of his assertion.
He stated the one approach to carry taxes down was to spend public cash extra effectively.
