Hunt Hints at Possible Tax Cuts If Inflation Falls as Expected
• Chancellor Jeremy Hunt hints at potential tax cuts in upcoming Spring Budget • Hunt says countries with lower taxes tend to have faster growing, more dynamic economies • If inflation falls as expected, followed by lower interest rates, it may give Hunt room for tax cuts • Hunt specifically mentions possibly cutting income tax, as tax burden is set to reach highest level in decades • Any tax cuts dependent on inflation falling from current 4% level, as higher inflation restricts options