KONTAN.CO.ID - LONDON. British finance minister Jeremy Hunt said on Sunday that he would not implement tax cuts that would push up inflation, days before he announces a major budget update that is widely expected to contain tax cuts. The Sunday Times reported that Hunt was considering cutting income tax or national insurance in his Autumn Statement budget update on Wednesday. Hunt is due to present his Autumn Statement on Nov. 22, hoping to revive the fortunes of both a stagnant British economy and the governing Conservative Party ahead of an election expected next year.
UK's Hunt Says Won't Implement Tax Cuts that Fuel Inflation
KONTAN.CO.ID - LONDON. British finance minister Jeremy Hunt said on Sunday that he would not implement tax cuts that would push up inflation, days before he announces a major budget update that is widely expected to contain tax cuts. The Sunday Times reported that Hunt was considering cutting income tax or national insurance in his Autumn Statement budget update on Wednesday. Hunt is due to present his Autumn Statement on Nov. 22, hoping to revive the fortunes of both a stagnant British economy and the governing Conservative Party ahead of an election expected next year.