Particle.news
Download on the App Store
19 ARTICLES
·
last yr.

UK Chancellor Jeremy Hunt to Announce Tax Cuts and Welfare Reforms in Autumn Statement

Hunt signals potential reductions in income, inheritance, and business taxes, alongside welfare system reforms, in a bid to stimulate economic growth.

Overview

  • UK Chancellor Jeremy Hunt is expected to announce tax cuts and a squeeze on welfare benefits in the upcoming Autumn Statement.
  • Hunt has hinted at reducing taxes on income, inheritance, and businesses, but has also cautioned that any cuts must not fuel inflation.
  • Reports suggest that the Chancellor is considering a significant reduction in inheritance tax, a move that would primarily benefit the wealthy.
  • Potential changes to the welfare system could include increased penalties for those deemed fit to work but not actively seeking employment.
  • Hunt has stated that the focus of the Autumn Statement will be on growth, and has expressed a desire to show the country a path to a lower tax economy.