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UK Chancellor Jeremy Hunt has stated that tax cuts will not be included in his upcoming economic statement. Hunt's focus is on boosting investment, but he has ruled out tax cuts due to rising interest costs and the need to address the UK deficit. The Institute for Fiscal Studies has also warned that Hunt cannot afford to slash taxes before the next election. This decision by Hunt reflects the tough choices he faces in managing the country's economic challenges.
UK Chancellor of the Exchequer Jeremy Hunt can't afford to slash taxes before the next election, the Institute for Fiscal Studies warned https://t.co/l87D6L6e79
UK Chancellor of the Exchequer Jeremy Hunt can't afford to slash taxes before the next election, the Institute for Fiscal Studies warned https://t.co/sdQHgyA8mU
UK Chancellor Jeremy Hunt is focused on boosting investment — but says tax cuts are off the table https://t.co/jTppmeai3y
UK Chancellor Jeremy Hunt is focused on boosting investment — but says tax cuts are off the table https://t.co/yDpPasvB3G
UK Chancellor Jeremy Hunt is focused on boosting investment — but says tax cuts are off the table https://t.co/Jsr5obs3hY
Jeremy Hunt warns of tough decisions on UK deficit as interest costs rise https://t.co/WPbnFc0yGT
UK Chancellor Jeremy Hunt appeared to rule out tax cuts in his economic statement next month https://t.co/fYB8yABt8Y
UK Chancellor Jeremy Hunt appeared to rule out tax cuts in his economic statement next month https://t.co/w3MAn3Z8jV
🔴 UK'S CHANCELLOR HUNT: I NEED TO SHOW IN AUTUMN STATEMENT THAT THERE IS A PATH TO LOWER TAXATION.
🔴 UK'S CHANCELLOR HUNT: IT'S CRUCIAL FOR MARKETS TO SEE THAT THERE IS A PLAN TO BRING DOWN BRITAIN'S DEBT OVER THE MEDIUM TERM.
🔴 UK'S CHANCELLOR HUNT: I DON'T BELIEVE THAT INCREASED TAX BURDEN IN RECENT YEARS IS PERMANENT.
🔴 UK'S CHANCELLOR HUNT: THE REASON FOR DETERIORATED FISCAL SITUATION IS DUE TO HIGHER RATES AND HIGHER DEBT PAYMENTS OF £20-£30 MLN.
🔴 UK'S CHANCELLOR HUNT: AUTUMN BUDGET STATEMENT WILL BE BALANCED WITH CAUTION ABOUT THE INTERNATIONAL SITUATION.
🔴 UK'S CHANCELLOR HUNT: FINANCIAL PICTURE NOW IS WORSE THAN IN THE SPRING OF 2023.