The Chancellor has commissioned the Office for Budget Responsibility (OBR) to prepare an economic and fiscal forecast to be presented to Parliament alongside the budget next year. And the Prime Minister has ordered a “gear change” to reduce the historically high tax burden, possibly slashing death duties and reducing income tax, according to the Telegraph. A resurrected help-to-buy scheme was also said to be on the table for the spring budget or in the Conservative election manifesto. Mr Hunt began to ease the historically high tax burden in his autumn statement, including by cutting national insurance. Nothing Rishi Sunak and Jeremy Hunt do in March can repair the damage they have done to our economy.

Source: The Times December 27, 2023 12:38 UTC