I'II chat a path to lower taxes, Hunt tells the Tories
Evening Standard|October 02, 2023
He rules out cuts this year but keeps alive hopes of pre-election giveaway
Nicholas Cecil, Jitendra Joshi
I'II chat a path to lower taxes, Hunt tells the Tories

JEREMY HUNT today firmly kept ajar the door to pre-election tax cuts but told an increasingly fractious Tory party that there would be “no short cuts” and landmark reforms would be needed.

In his keynote speech to the Conservative annual rally in Manchester, the Chancellor sought to “chart a path to a lower tax economy”. But he rebuffed growing calls from senior Tories for tax cuts to be announced now. Ahead of unveiling a series of major public policy changes, he stressed: “If we are prepared to walk this difficult path it is possible to bring down taxes, and we won’t hesitate to do that. But we can’t say when it will be possible.”

He notably ruled out tax cuts this year but kept the prospect of them dangling for next year when the general election is set to happen, most likely in the autumn. “If we were to give a big tax cut this year, that would be inflationary,” he told BBC Breakfast.

This story is from the October 02, 2023 edition of Evening Standard.

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This story is from the October 02, 2023 edition of Evening Standard.

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