Chippy_boy
Well-Known Member
They are absolutely going to cut some taxes, the only question is which ones. It had looked like IHT was going to get a cut - either reduced rate or increased caps - but now that looks off the table. (Thankfully, because that was a fucking terrible idea, in that only a small number of people who are already relatively well off would benefit).I can’t see them cutting taxes in the Autumn statement, still a lot of work bringing inflation down to be done a tax cut would unravel all that.
Personally, I hope he just raises the personal allowance so that everyone earning less than £125k benefits. (You don't get any personal allowance at all anyway if you earn more than that.)