UK PM Rishi Sunak Announces Plans for Tax Cuts

The move comes as inflation has halved, allowing the government to focus on reducing the tax burden and boosting economic growth.

UK Prime Minister Rishi Sunak has announced plans to cut taxes, stating that now inflation has halved, the government can focus on reducing the tax burden.
The tax cuts are expected to be announced in the Autumn Statement by Chancellor Jeremy Hunt, with the focus on boosting economic growth.
Sunak emphasized that the tax cuts will be implemented in a responsible manner and will not contribute to inflation.
The Prime Minister also highlighted plans for welfare reforms, including stricter requirements for those on benefits to seek employment.
Sunak's announcement marks a shift in his economic approach, with the focus now on growth rather than reducing inflation.