By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Pakistan, China business firms sign $4.2 billion MoUs
    September 4, 2025
    Billions are lost due to top bosses’ massive abuse of the SOEs Act 2023.
    September 2, 2025
    Second phase of CPEC launched with new agricultural and industrial agreements
    October 7, 2024
    The Rupee depreciates 13 paise in interbank trade against the US dollar.
    October 7, 2024
    Reluctant bidders to keep on PIA employees
    October 7, 2024
  • Politics
    PoliticsShow More
    Trump administration threatens to pull city’s funding after train killing
    September 9, 2025
    Classes in NAPA theater and music will resume on September 15.
    September 9, 2025
    Nawaz and Maryam speak with a delegation from Bangladesh about trade and education.
    September 9, 2025
    Pakistan’s remittances rise 7pc yearly: SBP
    September 9, 2025
    FIR names Aleema Khan, Panjotha in journalist assault case
    September 9, 2025
  • Technology
    TechnologyShow More
    Despite its lackluster debut, the rumored “iPhone Air” could spur improvements.
    September 9, 2025
    China and Pakistan will build a training center for space science.
    September 9, 2025
    Apple expected to release iPhone 17 lineup on September 9
    September 5, 2025
    Balochistan suspends mobile internet on Sept 5–6 over security concerns
    September 5, 2025
    European nuclear research delegation visits Pakistan: FO
    September 2, 2025
  • Sports
    SportsShow More
    Pakistan pacer Usman Shinwari retires from international cricket
    September 9, 2025
    ‘No favourites in T20 format,’ Agha on Asia Cup
    September 9, 2025
    Afghanistan bat first vs Hong Kong in Asia Cup opener
    September 9, 2025
    Asia Cup 2025: Afghanistan win toss, elect to bat first against Hong Kong
    September 9, 2025
    Alcaraz outshines Sinner to claim second US Open title
    September 8, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: Jeremy Hunt: The budget has less room for tax cuts.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > News > Jeremy Hunt: The budget has less room for tax cuts.
News

Jeremy Hunt: The budget has less room for tax cuts.

According to Jeremy Hunt, there will probably be less room for tax cuts in the March budget than there was in the previous fall.

Last updated: 2024/02/01 at 8:52 AM
Published February 1, 2024
Share
2 Min Read
SHARE

According to the BBC, the chancellor wants to “lighten the tax burden” in order to stimulate economic growth.

However, he stated that a “responsible” approach was required.

In the previous year’s Autumn Statement, which outlines the government’s objectives for taxes and spending, Mr. Hunt declared a reduction of the primary National Insurance rate from 12% to 10%.

But according to the Times newspaper, he stated at a cabinet meeting this week that there would probably be less opportunity for tax cuts in the 2019 Budget on March 6 due to “major structural weaknesses” in the economy, such as low productivity.

When questioned about the reports, Mr. Hunt stated he was waiting on the “final numbers” from the impartial Office for Budget Responsibility (OBR) on the BBC’s Political Thinking podcast.

Prior to budgets, the government receives economic estimates from the OBR that contain a measure of the potential leeway for tax cuts or expenditure increases.

“It doesn’t look to me like we will have the same scope for cutting taxes in the spring Budget that we had in the Autumn Statement,” Hunt stated.

“And so I need to set people’s expectations about the scale of what I’m doing because people need to know that when a Conservative government cuts taxes we will do so in a responsible and sensible way.”

He said, “But Additionally, we want to be quite clear that the path we wish to take is to reduce the tax burden.”

You Might Also Like

Prince Harry donates £1.1m to Children in Need

Phillipson is the frontrunner in race to replace Angela Rayner

Mandelson called Epstein ‘best pal’ in birthday message

Faysal Bank honoured at ADB’s annual Trade and Supply Chain Finance Program Awards 2025

Chenab floodwaters put Multan at risk, next 24 hours critical

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin February 1, 2024 February 1, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article Attacks in the Red Sea by the Houthi group: group says it targeted a US container ship.
Next Article A ‘corrosive chemical’ caused nine injuries, including that of a mother and two girls in the Clapham incident.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Prince Harry donates £1.1m to Children in Need
News September 9, 2025
Phillipson is the frontrunner in race to replace Angela Rayner
News September 9, 2025
Mandelson called Epstein ‘best pal’ in birthday message
News September 9, 2025
Best and worst-performing NHS Trusts in England named
Health September 9, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?