New UK Chancellor axes most tax cuts

The new UK Chancellor Jeremy Hunt will reverse almost all tax cuts announced in the government’s recent mini budget.

Mr Hunt will delay the cut to income tax indefinitely until the nation’s finances improve.

New tax measures are expected to bring in almost $58 billion.

[jem]

A foolish backward step. Now is the time for stimulus such as tax cuts to get the economy moving forward once again.

[grantsapain]

There goes Britain's recovery. The Tories will be out of power in no time...

[jestermoon]

Take A Moment
This is rubbish and the population might as well stop paying tax
Stay Safe
Stay Free Australia 🇦🇺 🙏

[parkerottoackley]

💥💥 IT'S TIME FOR A GOOD OLD REVOLUTION Let's eat the rich

[richardandersen]

Just keeping the unlimited banker bonuses

[serviusm]

So the cost of living crisis measures are thrown out the window and the economy has nothing to look forward to regarding growth policy.

Sure, scrap the bad policies but you've offered nothing

[KoDeMondo]

This is meaning that part of their plan is still ongoing and will remains in place.

[tagfairy]

Gee could it be the fact that our taxes go to London and have been