Jeremy Hunt Everyone Will Pay More Tax After Autumn Statement Fiscal Policy

Warning of severe cuts to public services, Jeremy Hunt said “very difficult decisions” would be made but claimed his plan would show the way through “difficult times”. Hunt faces his biggest test as chancellor on Thursday, following Liz Truss’ mini-budget mess. The Resolution Foundation estimated on Saturday that ‘Trussonomics’ had cost Britain around £30 billion. He told Sky News: “Well, we’re all going to pay a bit more tax, I’m afraid… but it won’t just be bad news. “I think what people are recognizing is that if you want to give people confidence about the future, you have to be honest about the present and you have to have a plan and that will be a plan that will help reduce inflation, help to control high energy prices and also to return to healthy growth, which we need so much.” Hunt said he hoped to make the coming recession, which is projected to be the largest in history, “shallower and faster.” “I think it’s fair to say this will be the first budget without a rabbit for a very long time,” he told the Sunday Times. “I’m Scrooge who will do things to make sure Christmas is never cancelled,” he said. Hunt said the government would crack down on an “outrageous” waste of public money, mitigate the “tragedy” of Trussonomics and provide certainty for families and businesses. Hunt is believed to be seeking to cut support for household energy bills from £60bn to just £20bn from April, and his plans could include a prolonged freeze on income tax and national insurance caps. The shadow chancellor, Rachel Reeves, called on him to avoid putting all the burden on “ordinary workers who are already struggling”. “Public services are already on their knees,” Reeves told Sky News’ Sophy Ridge on Sunday. “Seven million people are waiting for an operation or NHS support… I don’t think austerity 2.0 after the austerity we’ve had over the last 12 years is the right approach.” In an interview with the Sunday Times, Hunt said Britain was a “compassionate country” and the richest should also pay their fair share. “People with the broadest shoulders will carry the heaviest load,” he said. Austerity during the 2010s targeted the welfare budget, cutting £37 billion from benefits and introducing high-profile social security cuts such as the two-child limit and the benefit cap. England’s biggest councils have said any further cuts to their budgets would be “worse than austerity” and lead to devastating cuts to local services. The chancellor is understood to be considering a support package to protect the most vulnerable, including pensioners and those on benefits, from April, according to the Sunday Times. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. Chief Secretary to the Treasury John Glenn said the government could be planning to “turbo-charge” the digitization of public services. Writing in the Sunday Telegraph, he said: “To keep delivering the things people care about in the face of inflationary pressures, without making the problem worse through extra spending, we need to make tough decisions and make government more efficient. This means eliminating waste. “It’s outrageous that public money – your money – is being absorbed into the system when it could be going to areas that really need it.” Simon Clarke, who was secretary of state for lift, housing and communities under Liz Truss, called for the rest of the budget to be covered by spending cuts rather than tax increases. Clarke told Sky News: “I would urge Jeremy to make sure we do as much as possible of spending cuts as opposed to tax increases, noting that tax is at a very high level and faces the risk of recession.”

title: “Jeremy Hunt Everyone Will Pay More Tax After Autumn Statement Fiscal Policy " ShowToc: true date: “2022-12-19” author: “Jose Ford”

Warning of severe cuts to public services, Jeremy Hunt said “very difficult decisions” would be made but claimed his plan would show the way through “difficult times”. Hunt faces his biggest test as chancellor on Thursday, following Liz Truss’ mini-budget mess. The Resolution Foundation estimated on Saturday that ‘Trussonomics’ had cost Britain around £30 billion. He told Sky News: “Well, we’re all going to pay a bit more tax, I’m afraid… but it won’t just be bad news. “I think what people are recognizing is that if you want to give people confidence about the future, you have to be honest about the present and you have to have a plan and that will be a plan that will help reduce inflation, help to control high energy prices and also to return to healthy growth, which we need so much.” Hunt said he hoped to make the coming recession, which is projected to be the largest in history, “shallower and faster.” “I think it’s fair to say this will be the first budget without a rabbit for a very long time,” he told the Sunday Times. “I’m Scrooge who will do things to make sure Christmas is never cancelled,” he said. Hunt said the government would crack down on an “outrageous” waste of public money, mitigate the “tragedy” of Trussonomics and provide certainty for families and businesses. Hunt is believed to be seeking to cut support for household energy bills from £60bn to just £20bn from April, and his plans could include a prolonged freeze on income tax and national insurance caps. The shadow chancellor, Rachel Reeves, called on him to avoid putting all the burden on “ordinary workers who are already struggling”. “Public services are already on their knees,” Reeves told Sky News’ Sophy Ridge on Sunday. “Seven million people are waiting for an operation or NHS support… I don’t think austerity 2.0 after the austerity we’ve had over the last 12 years is the right approach.” In an interview with the Sunday Times, Hunt said Britain was a “compassionate country” and the richest should also pay their fair share. “People with the broadest shoulders will carry the heaviest load,” he said. Austerity during the 2010s targeted the welfare budget, cutting £37 billion from benefits and introducing high-profile social security cuts such as the two-child limit and the benefit cap. England’s biggest councils have said any further cuts to their budgets would be “worse than austerity” and lead to devastating cuts to local services. The chancellor is understood to be considering a support package to protect the most vulnerable, including pensioners and those on benefits, from April, according to the Sunday Times. Archie Bland and Nimo Omer take you to the top stories and what they mean, free every weekday morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. Chief Secretary to the Treasury John Glenn said the government could be planning to “turbo-charge” the digitization of public services. Writing in the Sunday Telegraph, he said: “To keep delivering the things people care about in the face of inflationary pressures, without making the problem worse through extra spending, we need to make tough decisions and make government more efficient. This means eliminating waste. “It’s outrageous that public money – your money – is being absorbed into the system when it could be going to areas that really need it.” Simon Clarke, who was secretary of state for lift, housing and communities under Liz Truss, called for the rest of the budget to be covered by spending cuts rather than tax increases. Clarke told Sky News: “I would urge Jeremy to make sure we do as much as possible of spending cuts as opposed to tax increases, noting that tax is at a very high level and faces the risk of recession.”