Jeremy Hunt’s budget giveaway ‘will act as sweet filling in tax sandwich’
by Larry Elliott Economics editor from World news | The Guardian on (#6JS4T)
Thinktank says juicy cuts this year follow far bigger increases in 2023 and precede planned chunky rises'
Jeremy Hunt's expected pre-election giveaway budget will be sandwiched between 20bn of tax increases already implemented and a further 17bn of hikes pencilled in for after polling day, a thinktank has said.
The Resolution Foundation said it expected Hunt to freeze fuel duty and cut income tax on 6 March but warned the chancellor's tax sandwich" was based on the fiscal fiction" of 30bn of spending cuts in the next parliament.
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