Financial Digest

Jeremy Hunt Announces Tax Cuts and Measures to Boost Economy

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Jeremy Hunt,Tax Cuts,Welfare Rules

Jeremy Hunt has announced tax cuts, welfare rule changes, and measures to increase employment. Statisticians predict minimal growth before the election and a temporary decline in living standards.

Jeremy Hunt has announced a raft of tax cuts, tighter welfare rules, and further measures aimed at getting more people into work. His two biggest announcements include cutting employee National Insurance by two percent and extending tax breaks for business investment.

However, statisticians predict that there will be minimal growth leading up to the election and living standards are expected to fall before rising again.

 

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Jeremy Hunt to Decide on Income Tax CutJeremy Hunt is considering whether to cut income tax, with a decision expected to be made this week. The Chancellor and Prime Minister are leading the decision-making process, while Hunt has already agreed to lower National Insurance for self-employed workers. Positive economic news has influenced the decision, with the Chancellor hinting at tax cuts due to the improved state of the economy.
Source: DailyMailUK - 🏆 7. / 90 Read more »