🔴 Senior Tories warn Jeremy Hunt not to 'clobber' voters with tax rises as UK recession looms
Senior Conservatives have warned Chancellor Jeremy Hunt not to “clobber” voters with tax rises in next week’sMr Hunt is planning to use Thursday’s Autumn Statement to set out £60bn of tax rises and spending cuts to plug a black hole in public finances and stabilise the economy.freezing of income tax thresholds
are bieng seen as a stealth increase in rates, and plans to bring more people into the higher 45p rate have sparked concern on the Tory backbenches. Senior MPs cautioned against going too far with tax rises, as the UK may already have entered what experts say could be, with official figures on Friday showing that the economy shrank by 0.6 per cent between July and September.
If the economy also shrinks in the final three months of this year – as experts predict – it would push the economy into a recession that could last for two years.He pointed to an article he wrote for the in which he urged Mr Hunt not to “panic”, and insisting it was “un-Conservative” to hike taxes on voters already “struggling” with the cost of living crisis, arguing it will make the recession “deeper and more painful”.
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