google-site-verification: googlec7193c3de77668c9.html

General election: Labour and Tories confirm income tax squeeze

Speaking on the BBC’s Today programme, Mr Hunt said that “a future Conservative government will not increase income [tax] rates and VAT”.

However, when pressed about whether the income tax threshold would stay frozen, Mr Hunt confirmed it would be for the next three years.

“The tax rises that happened as a result of the pandemic and the energy shock — these two giant shocks — will stay for their allotted time period.

“I took the very difficult decision, yes, to increase taxes. And now, in my Budget and in the Autumn Statement last year, I’ve started to bring them down,” he added.

“Have I been able to cancel out all those tax rises? No, but I had to make that commitment. So I can absolutely undertake that the threshold freeze that we introduced until 2028 will not continue after that.”


Source link

Views: 0

See also  100ml liquid rule reintroduced at some regional UK airports

Check Also

SSE Airtricity electric bills to increase by over £70 a year

SSE Airtricity domestic customers in Northern Ireland will see their bill rise by over £70 …

Padwick Farm livery sees bookings rise as horse owners struggle with costs

“We’ve experienced someone struggling to put food on the table for their children and they …

‘We give up to £400 to a honeymoon fund’: How much should you gift at a wedding?

Being a wedding guest can be expensive – there’s travel, accommodation, you might even treat …

Leave a Reply

Available for Amazon Prime
Ford mustang 1995 widebody kit with wheels speedstar models. Dprd kota batam.