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The Independent UK
The Independent UK
National
Jill Lawless

UK Treasury chief signals tax cuts and a squeeze on welfare benefits are on the way

Jeremy Hunt UK Treasury Tax Cuts Inflation ​​Rishi Sunak
Copyright 2023 The Associated Press. All rights reserved

Jeremy Hunt has signalled that he is ready to announce tax cuts in his autumn statement, as he considers cutting inheritance and business taxes while squeezing benefits by billions.

The chancellor said that now is a “turning point for the economy” and that “this is the moment” to go for growth ahead of Wednesday’s big announcement.

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