UK's Chancellor Hunt stated that the UK economy is not growing particularly fast, despite encouraging figures. He emphasized the challenging task of reversing the rise in UK public debt. Hunt also mentioned that abolishing National Insurance will require the effort of multiple parliaments, countering claims of complete NICs abolition in the next parliament.
The Chancellor explicitly now says that the ambition to abolish NICs for employees, targeted by the Opposition as a “£46bn black hole” is not for the next Parliament “it will be the work of many Parliaments” he tells MPs at the Treasury select committee, and will not occur…
Chancellor @jeremy_hunt has accused @uklabour of 'scaremongering' and is explictly ruling out complete NICs abolition in the next parliament (if @conservatives re-elected) https://t.co/7JeeuzENWd
🔴 UK'S CHANCELLOR HUNT: I CANNOT GIVE A TIMESCALE FOR CONSERVATIVE AMBITION OF ABOLISHING NATIONAL INSURANCE, WILL BE WORK OF MANY PARLIAMENTS.
Jeremy Hunt says the abolition of National Insurance ‘will be the work of many parliaments’
UK Chancellor Hunt: UK Economy Is Not Growing ‘Particularly Fast’, Today’s Figures Are Encouraging - Sees ‘Long And Difficult Journey’ Reversing Rise In UK Debt
🔴 UK'S CHANCELLOR HUNT: THE UK ECONOMY IS NOT GROWING PARTICULARLY FAST.
UK FINANCE MINISTER HUNT: UK ECONOMY IS NOT GROWING PARTICULARLY FAST
UK FINANCE MINISTER HUNT: IT WILL BE A LONG AND DIFFICULT JOURNEY TO REVERSE RISE IN UK PUBLIC DEBT