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Jeremy Hunt could have more money to play with in this week's autumn statement after a reassessment of the public finances from the independent Office for Budget Responsibility (OBR).
Article originally published by The Guardian. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
21 Nov 2023
Jeremy Hunt could have more money to play with in this week’s autumn statement after a reassessment of the public finances from the independent Office for Budget Responsibility (OBR). One economic consultancy says a combination of higher growth and lower debt bills could hand the chancellor as much as £25bn in extra firepower, up from £6.5bn in the spring. We look at some of his options.
Rishi Sunak appears to be pushing hard for personal tax cuts, saying the halving of inflation is a big moment for the government, a turning point for the economy and an opportunity to cut the tax burden on middle-income families.
Hunt has spent the past two weeks cautioning against any expectation of tax cuts, arguing that it would put cash in consumers’ pockets, putting pressure on shop prices when the priority is to bring down inflation.
Hunt could signal a cut in the basicRead more on hl.co.uk