'This govt will take whatever tough decisions are necessary'. Chancellor Jeremy Hunt says there will be 'more difficult decisions on tax and spending' but he is 'completely confident' in the UK's long-term economic prospects. 📺 Sky 501, Virgin 602
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Mr Hunt said the government's energy price guarantee will only be universal until April - not for two years as originally planned. He said the government was reversing"almost all" the tax measures announced in the mini-budget that have not yet started going through parliament.Repeal of IR35 reforms for off-payroll working rules introduced in 2017 and 2021Basic rate of income tax to remain at 20%, not reduce to 19% from April 2023Mr Hunt promised:"The objective is to design a new approach that will cost the taxpayer significantly less than planned, whilst ensuring enough support for those in need.
"It's not just the tax decisions in the mini-budget that the new chancellor now says are just not viable.
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