Boris Johnson has signalled that there will be no cuts Westminster income tax rates while inflation continues to soar.
The Prime Minister effectively ruled out early personal tax cuts as he stressed that his focus was trying to help millions of households cope with the “inflationary spike that we need to get through right now”.
Johnson is under increasing pressure from Tory MPs to bring forward a promised 1p cut income tax as the price for surviving a vote of confidence in his leadership last week.
