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Re: Liz Truss [Prime Minister]
https://www.thetimes.co.uk/article/1...bb7e48c36afcd8
Quote:
New chancellor Jeremy Hunt delays 1p income tax cut
All parts of Kwasi Kwarteng’s mini-budget to be reviewed as economic outlook revealed as ‘far worse’ than first thought.
Jeremy Hunt is to delay a penny cut in income tax, the flagship announcement in the disastrous mini-budget, to help plug a black hole in the public finances that had reached Ł72 billion.
In the latest in a series of government U-turns, the new chancellor is expected to announce that plans to reduce the basic rate of income tax next April will be pushed back by a year.
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Good - I would rather they raised the tax threshold, which would benefit the low-paid more.
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