Chancellor Jeremy Hunt has delivered the autumn statement, announcing a range of tax rises and spending cuts.
The headline proposals are:
Hunt hailed the new proposals as “a balanced plan for stability, growth and public services”. He added: “It shows that you don’t need to choose either a strong economy or good public services. With conservatives, and only with conservatives, you get both”
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The headline proposals are:
- The threshold for when the highest earners start paying the top rate of income tax will be brought down from £150,000 to £125,140
- The household annual energy bill cap will rise to £3,000 in the spring, from the current £2,500 cap
- A Windfall tax on the profits of oil and gas firms will increase from 25% to 35% and extended until March 2028
- Means-tested benefits and pensions will rise in line with inflation
Hunt hailed the new proposals as “a balanced plan for stability, growth and public services”. He added: “It shows that you don’t need to choose either a strong economy or good public services. With conservatives, and only with conservatives, you get both”
The post Statement offers ‘a balanced plan for stability, growth and public services’, says Hunt appeared first on Politics.co.uk.