UK Chancellor Hunt Preparing for 2P Cut in Basic Income Tax Rate
Monday, 4 March 2024, 20:26
Summary:
Rumors circulating indicate that UK Chancellor Hunt is contemplating cutting the basic rate of income tax by 2P.
Main Points Include:
- Estimated Cost: 14 billion per year
- Funding Approach: Potentially cut future public spending
- Additional Consideration: Extension of 5P fuel duty cut by a year
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.