Jeremy Hunt is expecting to have billions of pounds in extra 'headroom' at the Autumn Statement but the figures are changing
Jeremy Hunt is expecting to have billions of pounds in extra ‘headroom’ at the Autumn Statement but the figures are changingJeremy Hunt could use a boost to the Treasury’s coffers to fund a £900m income uplift for pensioners at theHe has ruled out any major tax cuts despite pleas from Conservative MPs to return to economic stimulus ahead of the next general election.
But the Chancellor is also considering stripping out the impact of bonuses on the pay growth data, because of aThat would leave the increase in the state pension at 7.8 per cent, saving the Exchequer £900m but cutting £1.45 off pensioners’ weekly incomes. Treasury officials have worked up a large slate of policy options for consideration, with any that are deemed unaffordable likely to be revisited at the next Budget in spring 2024.
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