"Jeremy Hunt says axing nom-dom status would be ‘wrong thing’ for UK
Chancellor defends keeping tax status as he warns of ‘challenging times’ and suggests Brexit has affected economy
Jeremy Hunt has defended resisting moves to force super-rich people who live in the UK but pay no tax on their offshore income to shoulder more of the burden, as he warned of a “challenging” two years ahead for households.
After a frosty reception to his plan in the autumn statement to drag 6 million people into higher tax rates while the UK plunges into recession, the chancellor said the strain could not fall on only “a very small group of very rich people”.
He promised a “sharp drop” in inflation at the end of 2023, took aim at his Conservative predecessor, explained why many measures announced on Thursday would probably not come into force until after the next election and appeared to suggest Brexit had hampered trade and growth.
In a series of interviews designed to reassure people concerned that the cost of living crisis would be compounded by tax rises and spending cuts designed to fill a £55bn “black hole”, Hunt acknowledged that most households were facing a “tough time”."
https://www.theguardian.com/uk-news/...g-thing-for-uk
What a load of crap
Chancellor defends keeping tax status as he warns of ‘challenging times’ and suggests Brexit has affected economy
Jeremy Hunt has defended resisting moves to force super-rich people who live in the UK but pay no tax on their offshore income to shoulder more of the burden, as he warned of a “challenging” two years ahead for households.
After a frosty reception to his plan in the autumn statement to drag 6 million people into higher tax rates while the UK plunges into recession, the chancellor said the strain could not fall on only “a very small group of very rich people”.
He promised a “sharp drop” in inflation at the end of 2023, took aim at his Conservative predecessor, explained why many measures announced on Thursday would probably not come into force until after the next election and appeared to suggest Brexit had hampered trade and growth.
In a series of interviews designed to reassure people concerned that the cost of living crisis would be compounded by tax rises and spending cuts designed to fill a £55bn “black hole”, Hunt acknowledged that most households were facing a “tough time”."
https://www.theguardian.com/uk-news/...g-thing-for-uk
What a load of crap
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