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Britain Is Cutting Taxes Again. Why Now?
  + stars: | 2024-03-07 | by ( Eshe Nelson | ) www.nytimes.com   time to read: +1 min
This year, Jeremy Hunt, the chancellor of the Exchequer, had to consider another priority: the upcoming general election. And so on Wednesday, Mr. Hunt announced that he would cut taxes for nearly 30 million workers. It will save the typical employee about 900 pounds ($1,145) a year, Mr. Hunt said. That’s because the tax cuts announced by the Conservative Party are smaller and, crucially, offset partly by some other tax increases. And Mr. Hunt didn’t announce much additional spending.
Persons: Jeremy Hunt, Hunt, Liz Truss, Hunt didn’t Organizations: National Insurance, Conservative Party
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