Article 6GK3Y Jeremy Hunt’s autumn statement tax cuts fuel talk of spring election

Jeremy Hunt’s autumn statement tax cuts fuel talk of spring election

by
Larry Elliott, Pippa Crerar
from on (#6GK3Y)

Chancellor unveils 2p national insurance cut but thinktanks warn next government faces fresh round of austerity

Jeremy Hunt sought to blunt the impact of the highest levels of taxation since the second world war with a cut in workers' national insurance contributions, fuelling speculation about a snap spring general election.

With the Conservatives trailing in opinion polls, the chancellor used a fresh squeeze on public spending to pay for a bigger-than-expected reduction in NICs worth 450 a year to the average employee, coupled with permanent 100% investment breaks for business.

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