Chancellor Jeremy Hunt is set to announce tax cuts and measures to boost the economy in his autumn statement, with the aim of improving the Tories' election chances. The statement will include reducing national insurance rates and making a tax break for companies investing in new machinery permanent. Individuals will also benefit from giveaways and measures to support business growth. The Chancellor's statement is expected to contain 110 growth measures.
Chancellor Jeremy Hunt goes into the autumn statement today preparing to cut taxes, boost the economy and – he hopes – save the Tories ’ election chances . The economy is “back on track”, Jeremy Hunt will declare as he starts cutting taxes and pushes for business growth ahead of next year’s election.
The Chancellor will reportedly use his autumn statement to reduce headline rates of national insurance and make permanent a £10 billion-a-year tax break for companies that invest in new machinery and equipment. His deputy Laura Trott had already indicated that individuals would benefit from a giveaway as well as measures aimed at boosting business. The Chancellor’s Commons statement on Wednesday is expected to contain 110 different growth measures as he seeks to revive the UK’s economy and the Tories’ election chance
Chancellor Jeremy Hunt Autumn Statement Tax Cuts Boost Economy Tories Election Chances National Insurance Rates Tax Break Machinery Business Growth Giveaways Growth Measures
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