Tax cuts are on way, says Sunak with business set to benefit

RISHI SUNAK confirmed today that tax cuts will be in the Autumn Statement with the priority on businesses.

- Nicholas Cecil, Jitendra Joshi and Rachael Burford

The Prime Minister said that he and Chancellor Jeremy Hunt were taking the decision to “cut tax” after having met his goal to halve inflation this year. He outlined a series of decisions that the Government had taken to stabilise Britain’s public finances, including to reduce debt.

“The second decision we’re taking is to cut tax and reward hard work,” he said in a speech in north London.

“What clearer expression could there be of my governing philosophy than the belief… that people, not governments, make the best decisions about their own money.”

But with prices still rising by 4.6 per cent last month, the premier said ahead of the Autumn Statement on Wednesday that “we must avoid doing anything that puts at risk our progress in controlling inflation”.