Jeremy Hunt said on Sunday that he would put Britain “on a pathway to a lower tax economy” during this week’s autumn statement, which has fueled expectations among Conservative MPs.
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A top investment bank warned that the Bank of England’s decision to sell off government bonds costs taxpayers £15bn a yearly and limits Jeremy Hunt’s ability to reduce taxes. Deutsche
JP Morgan says that Jeremy Hunt can cut taxes by up to £10bn in the Autumn Statement next week, as the outlook of the economy improves while inflation slows down.
