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Hunt Warns On Inflation Risk As UK Tax Cut Expectations Rise
Mint Mumbai
|November 20, 2023
Chancellor of the exchequer Jeremy Hunt pushed back on the prospect of imminent cuts to income tax or national insurance, following weekend reports that he's considering doing so in his Autumn Statement this week.
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"The one thing we won't do is any kind of tax cut that fuels inflation," Hunt said on Sunday on Sky News, when asked about the reports. Still, "we need to show there is a path to a lower-tax economy," he added. Hunt is under pressure from his own Conservative Party to deliver bold economic plans in his fiscal set-piece on Wednesday as the Tories look for ways to narrow a 20-point polling deficit against the opposition Labour Party. On Sunday Hunt reit
This story is from the November 20, 2023 edition of Mint Mumbai.
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