‘Tax rises and spending cuts’ to save £40bn anticipated ahead of Autumn Statement
‘Tax rises and spending cuts’ to save £40bn anticipated ahead of Autumn Statement
Jeremy Hunt and Rishi Sunak meet to discuss UK finances in Downing Street (Picture: No.10 Downing Street/Simon Walker)
Higher taxes and a squeeze on public spending are on the cards to fill a £40billion black hole in UK finances.
Prime minister Rishi Sunak and chancellor Jeremy Hunt are expected to extend a freeze on the thresholds at which people start to pay the different rates of income tax…