UK Announces $7.9BN Tax Cut To Fend Off Inflation
Mar 25, 2022 ·
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Rishi Sunak announced a 6-billion pound tax cut for workers, slashed fuel duty and signalled a future reduction in income tax as he sought to shield ordinary Britons from a...
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Rishi Sunak announced a 6-billion pound tax cut for workers, slashed fuel duty and signalled a future reduction in income tax as he sought to shield ordinary Britons from a squeeze on living standards that’s been worsened by the war in Ukraine.
The Chancellor of the Exchequer says his tax plan delivers the biggest net cut to personal taxes in over a quarter of a century.
The measures go further than the Treasury had suggested in the run-up to the statement, which was originally billed as an update on the state of the economy.
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The Chancellor of the Exchequer says his tax plan delivers the biggest net cut to personal taxes in over a quarter of a century.
The measures go further than the Treasury had suggested in the run-up to the statement, which was originally billed as an update on the state of the economy.
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