“Isn’t Going To Make A Blind Bit Of Difference!” Jeremy Hunt To Make 2p Tax Cut
The Treasury has confirmed that Jeremy Hunt will make a 2p cut to national insurance central to his Spring Budget, taking place at 12:30pm today, which he said would deliver “more opportunity and more prosperity”.
The Chancellor, who has faced pressure from Tory MPs to ease the record-high tax burden, promised “permanent cuts in taxation” that would bring “higher growth” as he seeks to woo voters ahead of this year’s general election.
The change could save the average worker £450 a year, adding up to £900 when combined with last year’s move.
Mr Hunt was widely reported to have defied calls from some in Downing Street and many Conservative MPs to reduce income tax, which is more expensive but better understood by many voters.
TalkTV’s Julia Hartley-Brewer is joined by Conservative commentator Benedict Spence, and economist Justin Urquhart Stewart, to discuss the Budget and its implications.
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