Here's what to expect from Jeremy Hunt's budget announcement today, which he has claimed will create a ‘stronger, fairer United Kingdom’.
‘We’re all going to be paying a bit more tax, I’m afraid, but it’s not all bad news,’ he told Times Radio.
‘This will be a plan to help bring down inflation, help control high energy prices and also get our way back to growing healthily, which is what we need so much.’Torsten Bell, chief executive of the Resolution Foundation think tank, said this morning that tax rises would largely hit middle and higher-income households.
He added that lower-income households were seeing ‘the highest inflation rate right now and finding the cost-of-living crisis hardest to deal with’.There are rumours the Prime Minister could be looking toHe is reportedly set to accept an official recommendation to increase wages by nearly 10 per cent., the move will benefit some 2.5 million people across the country.It remains to be seen if Mr Hunt and Rishi Sunak ‘go full circle’ by reinstating the health and social care levy.
The plan, under Boris Johnson, would have seen a cap on the amount people in England would pay for social care.
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