The International Monetary Fund (IMF) has said the UK’s economy is likely to perform worst of any G7 nation in 2023, thanks in part to recent fiscal and monetary tightening.īut Treasury insiders insist the warning will not change Mr Hunt’s economic strategy, which involves raising taxes and limiting spending to reduce borrowing costs and bring inflation under control, before a limited giveaway in the spring Budget in 2024.Ĭhris Etherington, tax partner at the accountancy firm RSM, said: “Tax cuts may yet be announced in the spring Budget, but it seems likely these will be long-term promises that are unlikely to provide any immediate relief for taxpayers.”
0 kommentar(er)
