Higher taxes ‘will be permanent’ in the UK as Hunt attempts to boost economy in Budget | Personal Finance | Finance


While the OBR is set to revise its review to reflect the growing consensus of a stagnant economy, the think tank’s head highlighted that the public purse is still “enormously worse” compared to last year.

Due to this, Mr Johnson does not believe Jeremy Hunt will be able to implement tax cuts in his Spring Budget.

In lieu of this, he recommended that the UK Government redirects its attention to improving relationships with the EU in a bid to get better access to the single market.

Mr Johnson added: “In terms of the growth of the economy, getting as close as we can to the European single market is quite important.



Read original article here

Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment