Jeremy Hunt claims he is 'Scrooge' out to save Christmas and vows inflation crackdown in budget
Mr Hunt suggested he will not be pulling any rabbits out of the hat when he delivers his highly anticipated autumn statement next week, unlike his predecessor – who dramatically whipped out a cut to the top rate of income tax in his ill-fated “fiscal event”.
“But that stability is what has been missing – mainly thanks to Putin’s invasion of Ukraine. This is a ‘made in Russia’ recession and we need to restore that stability as the first step to growth.”“For Conservatives, we all understand that a successful economy, a dynamic economy, needs to have low taxes and sound money,” he said.
“That insight is absolutely correct and I will spend as much time talking about growth as I’m talking about tax rises and spending cuts on Thursday, because it is really important that we address those issues,” he said. It is understood a cut to the threshold at which the highest earners start paying the top rate of tax is among the options on the table.
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