When asked if he would cut income tax, he said he would not comment on a decision ahead of the statement, adding: "Our priority is growth." Despite this, The Times reports that Mr Hunt and Prime Minister Rishi Sunak are weighing up tax cuts for "low and middle earners". What is income tax? Income tax is simply a tax that you pay on your earnings, and the more people earn the more tax they pay. For most families in the UK, income tax is the single biggest tax they pay.

Source: The Herald November 20, 2023 09:45 UTC