Chancellor Jeremy Hunt is set to unveil a series of measures to promote long-term economic growth in his Autumn Statement tomorrow (22 November), which are likely to include tax cuts and an overhaul to the ISA regime.
Last week, the chancellor said the economy had "definitely turned a corner" following data that revealed inflation had fallen to 4.6% in October, arguing "this is the moment" to focus on growth and signalling potential personal and business tax cuts. Speaking to The Telegraph on Friday (17 November), he said: "The big message on tax cuts is there is a path to reducing the tax burden and a Conservative government will take that path." UK inflation falls to 4.6% in October The chancellor is reportedly under intense pressure from within his party to offer pre-election giveaways as th...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
