Chancellor Jeremy Hunt Hints at Tax Cuts in Upcoming Autumn Statement

Hunt expresses discomfort with high tax burden and indicates plans for growth, potential tax cuts, and public sector productivity improvements.

Chancellor Jeremy Hunt has indicated that the UK's Autumn Statement will focus on growth, hinting at potential tax cuts.
Hunt has expressed discomfort with the current tax burden, which is forecast to hit a 70-year high, and has stated that taxes are too high and need to be reduced.
Possible tax cuts being considered include a reduction in the 40% inheritance tax rate and an extension to 'full expensing' for businesses, which allows firms to claim back up to 25p for every £1 invested.
Hunt has also suggested plans to improve public sector productivity and reform the welfare system.
The Chancellor has dismissed speculation that he will stand down at the next general election, stating that he will be 'fighting relentlessly' to win his seat.