Lower UK government borrowing raises prospects of tax cuts

Lower UK government borrowing raises prospects of tax cuts

“That will probably allow him to unveil a freeze in fuel duty in April 2024 (costing about £6bn a year) but perhaps also to announce more crowd-pleasing measures, such as a 1p cut to income tax (costing £6.9bn a year), while still maintaining fiscally prudent appearances,” Ms Gregory said.

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