Rishi Sunak says time has finally come to cut tax and reward hard work ahead of Jeremy Hunt’s Autumn Statement
RISHI Sunak said last night the time had finally come to cut tax and reward hard work.
The PM said the Chancellor Jeremy Hunt would use tomorrow’s Autumn Statement to “turn our attention to tax cuts”.
Mr Hunt will not raise income tax thresholds despite a record tax take — but will instead probably offer a smaller cut to National Insurance.
The Chancellor has delayed inheritance tax and stamp duty cuts until the spring — but workers’ wallets are likely finally to get a long-overdue break.
Yet the boost pales in comparison to the billions raised by dragging millions more into higher income tax rates.
Mr Sunak said yesterday he could move on to the next phase of the Government’s economic plan — including cutting tax and rewarding hard work — after inflation fell to 4.6 per cent in October.
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He told an audience in North London: “We will do this in a serious, responsible way, based on fiscal rules to deliver sound money.
"It will take discipline and we need to prioritise. But over time, we can and we will cut taxes.”
The PM also vowed to clamp down on welfare fraudsters to get more people into work.
His five-point plan also involved having domestic energy security by building nuclear power stations and backing North Sea oil and gas, and renewables. He also vowed to back British business.
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Meanwhile, there will be a £12million cash injection to help domestic abuse survivors.
There will be £10million to help them in the workplace. And £2million will help people leave abusive relationships by applying for £500 cash or vouchers through Women’s Aid.
The Sun has campaigned for 20 years on behalf of domestic abuse survivors from campaigns such as Save Our Shelters and Give Me Shelter.