I don't want you to cut my taxes I want you to spend my tax money better for fuck sake.
Too true
Obviously it’s bullshit, but for anyone wondering why, exactly, this is bullshit, there’s an interesting recent article in the new statesman. I’ll link it later if I have time
At present is the key phrase, they're just waiting for the pre election budget to announce them
This is the best summary I could come up with:
A less gloomy economic outlook and the high cost of living had led to calls for measures to reduce taxes in the Autumn Statement in November.
With the Conservatives well behind Labour in the opinion polls, a debate is playing out about what, if anything, the party can do to win back ground before a general election, expected as soon as next May.
But speaking on the Tonight With Andrew Marr programme, Mr Hunt said that the cost of servicing the country's debt remained higher that it was when he delivered the Spring Budget in March, meaning there was no "extra headroom" for tax cuts.
But the Treasury is preparing voters for another fiscal event where significant commitments are unlikely - as ministers continue to prioritise reducing inflation further.
Figures released on Wednesday showed that inflation in August stood at 6.7%, lower than many had feared but still significantly higher than the target level of 2%.
Tax cuts typically increase demand in the economy and could risk fuelling price rises back up towards levels seen earlier this year.
The original article contains 465 words, the summary contains 178 words. Saved 62%. I'm a bot and I'm open source!
