The new chancellor, Jeremy Hunt, is set to delay a 1p cut in income tax to help plug a black hole in the public finances that had reached £72 billion, according to the Sunday Times. Hunt is expected to announce that plans to reduce the basic rate of income tax next April will be pushed back by a year.
Newspaper Front pages for October 16th,2022
The new chancellor, Jeremy Hunt, is set to delay a 1p cut in income tax to help plug a black hole in the public finances that had reached £72 billion, according to the Sunday Times. Hunt is expected to announce that plans to reduce the basic rate of income tax next April will be pushed back by a year.