UK Government Considers Inheritance Tax Cut in Upcoming Autumn Statement
Significant drop in inflation and estimated £10bn 'headroom' provide room for fiscal giveaways.
- Chancellor Jeremy Hunt and Prime Minister Rishi Sunak are considering cutting inheritance tax in the upcoming Autumn Statement.
- Inflation has dropped significantly, providing room for tax cuts.
- JP Morgan estimates the Government has as much as £10bn in 'headroom', indicating room for fiscal giveaways.
- Public sentiment leans towards unfreezing income tax thresholds and abolishing inheritance tax.
- Rishi Sunak has fulfilled his promise to halve inflation, with prices now rising at 4.6%, compared to 11.1% a year ago.