Jeremy 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.
Jeremy Hunt will make a last-minute decision this week about whether to cut income tax. Senior Treasury insiders said it is a call being made by the Chancellor and Prime Minister Rishi Sunak, with everyone else 'locked out of the process' before the Autumn Statement is presented in Parliament on Wednesday.
Mr Hunt has, it is understood, agreed to lower National Insurance for self-employed workers, but a decision about income tax was 'going to the wire' after more positive economic news about the economy this weekend. The Chancellor, buoyed by a drop in Britain's inflation to 4.6 per cent, gave a hint of tax cuts to The Daily Telegraph yesterday when he said that the economy has 'turned the corner' – until recent days he had been more concerned about the likely impact a cut in income tax would have on inflatio
Jeremy Hunt Income Tax National Insurance Self-Employed Workers Chancellor Prime Minister Decision Economy Tax Cuts Inflation
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