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Chancellor Jeremy Hunt

Now Live, All media

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lets pretend to cut taxes for the next election

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Originally Posted by bitontheslide

lets pretend to cut taxes for the next election

Very True.

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Now Labour Moans

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What is in Jeremy Hunt's
Autumn Statement?




[National insurance cut: Ł5bn a year

The headline rate for employees is being
reduced from 12% to 10%, putting more
hundreds of pounds in the pockets
of 27million Brits.

For the self-employed, Class 2 contributions
are being abolished and Class 4 contributions
reduced from 9 per cent to 8 per cent.

Making 'full expensing' permanent: Ł10bn a year

Businesses have been benefiting from rules
that mean they can claim back tax
on investment in plant and machinery.

That is due to end in 2026, but Jeremy Hunt
is set to make it permanent.

State pension to rise 8.5%: Ł2bn

The Chancellor is sticking to the triple lock
that ensures pensions rise by the highest
out of inflation, average earnings or 2.5%.

There had been speculation a lower level
could be used due to NHS pay deals
warping the numbers.

Benefits to rise 6.7%: Ł3bn

Mr Hunt had considered increasing benefits
by the lower October inflation figure of 4.6 per cent,
rather than the September number usually used.

However, he has opted to stick with convention
and push for more people to re-enter the workplace.

Living wage to rise to Ł11.44: n/a

The national living wage will rise by 9.8% to Ł11.44 in April.

The rate is currently Ł10.42 for workers aged
over 23, but the new figure will apply to
21 and 22-year-olds for the first time.]

https://www.dailymail.co.uk/news/art...shi-Sunak.html

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The problem is
we are Flatlining.

No Growth.

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One From 2020

PM Sunak was the Chancellor

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This utter BS coming from Hunt and the government to get the long term unemployed and disabled on benefits 'back to work'.

Most of them have never been in work to go back to it.

And what are these jobs they're going to do?Hunt said work from home. Work for who? Where are these jobs??? Who hires?

No mention of it. And what if these people fail at the job. Are they fired, or they entitled to go back on benefits? The whole thing is ill thought out and makes no sense. You can't force people to work for an employer. Who wants to hire someone who doesn't want to be there or do the job. And are they qualified to do the job????

Madness.

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