The prime minister is being urged to help “put money back in people’s pockets”Boris Johnson is resisting calls from Tory MPs to cut personal taxes amid concerns that doing so risks exacerbating inflation. Rishi Sunak, the chancellor, and Michael Gove, the levelling-up secretary, both suggested that bringing forward cuts to income tax will stoke inflation and drive up the deficit. SponsoredMinisters have been pressing the chancellor to bring forward a 1p cut in income tax from 2024 to 2023. Gove told TalkTV that colleagues would have to wait for tax cuts because “you’ve got to make sure that you balance the books at a government level”. Sunak also ruled out short-term tax cuts.

Source: The Times June 17, 2022 22:29 UTC