Sunak's Post-Covid Plan: Spend Now, Cut Taxes Later
The Guardian|October 28, 2021
Chancellor criticised for lack of green measures ahead of Cop26 summit
Larry Elliott Heather Stewart
Sunak's Post-Covid Plan: Spend Now, Cut Taxes Later

Rishi Sunak intends to cut taxes before the next general election after limiting his budget help to dealing with a winter cost-of-living crisis.

The chancellor made clear that the boost to spending made possible by a stronger than expected economic recovery this year would not be repeated as he reassured Tory MPs that he would take action to reduce the UK's highest levels of taxation since the early 1950s.

Hours after delivering his third budget speech, Sunak told his backbenchers: I won't mince words with you ... it is my view that going forward every marginal pound we have should be put into lowering people's taxes, not more spending.

Earlier, the chancellor had sought to ease tensions with the prime minister by announcing rises in spending for all government departments for three years and reforms to alcohol taxation that will cut the cost of drinking. An extra £25bn will be spent next year.

The package - designed to show how Britain could move on after the pandemic - was criticised by environmental groups for a lack of new green measures before next week's UN Cop26 conference in Glasgow.

“This budget was an own goal for a government that should be leading the world into a new low-carbon age, said Luke Murphy, at the Institute for Public Policy Research.

この記事は The Guardian の October 28, 2021 版に掲載されています。

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この記事は The Guardian の October 28, 2021 版に掲載されています。

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