Published 03/03/2024 10:17:00 a.m.

Tax and spending cuts will backfire, economists warn Jeremy Hunt

Summary

Leading economists warn today that Jeremy Hunt will “cost the country dear” if he gambles on pre-election cuts to tax and spending in this week’s budget.

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Daily Express

Jeremy Hunt warned he will lose grey vote unless he cuts income tax in Budget

The Chancellor has sparked furious warnings over the prospect of him settling for a further reduction in national insurance as it won't help pensioners

03/02/2024 9:00:00 p.m.·United Kingdom

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GB News

Inheritance tax cut funds should be used to reduce 'stealth tax', Jeremy Hunt told

Inheritance tax (IHT) could be slashed in next week’s Spring Budget, however a former Bank of England adviser is warning such a tax cut would only have a “very small” impact.Dr Roger Gewolb told GB News a reduction of the levy’s current rate threshold would “gain popularity” but also receive a “huge amount of criticism”, and urged the Chancellor to spend the funds on reducing fiscal drag.Recent reports suggest the Jeremy Hunt is floating a cut t…

03/03/2024 6:00:05 a.m.·London, United Kingdom

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