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Evening Standard
Evening Standard
World
Jitendra Joshi and Nicholas Cecil

Jeremy Hunt slashes National Insurance in go-for-growth Autumn Statement but tax burden still rising

Jeremy Hunt National Insurance Insurance ​​Rishi Sunak Rachel Reeves Inflation Bank of England Economy Evening Standard

Jeremy Hunt vowed on Wednesday to “reward” workers as he cut National Insurance and business tax in a dash for economic growth ahead of a likely election next year.

Presenting his Autumn Statement, the Chancellor of the Exchequer promised to kick-start growth after the Bank of England predicted barely any expansion at all to GDP for 2024 and 2025.

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