Jeremy Hunt considers cuts to income tax and national insurance
Rishi Sunak and Jeremy Hunt are weighing up last-minute cuts to income tax or national insurance to boost economic growth and the Conservative Party’s electoral fortunes.
The prime minister and chancellor have taken the surprise decision to consider tax cuts for low and middle earners before the autumn statement on Wednesday, having been handed billions of pounds of additional spending power.
While the move would fuel inflation, Hunt and Sunak could attempt to offset the impact by squeezing welfare payments and making cuts elsewhere.
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They are also considering delaying until the spring budget a widely expected reduction in inheritance tax, after accusations that halving the 40 per cent rate would
