Chancellor's £25bn Windfall: Fiscal Options Expand Ahead of Autumn Statement

Chancellor's Budget Boost: A £25bn Surplus Opens Door for Tax Cuts

Following a reassessment by the Office for Budget Responsibility (OBR), Chancellor Jeremy Hunt may have a substantial fiscal surplus to allocate in the upcoming autumn statement. An economic consultancy predicts the chancellor could wield an extra £25bn, a significant increase from the previously estimated £6.5bn.

This financial leap offers the chancellor a variety of options, from reducing income tax to trimming down inheritance tax, giving him an advantageous position in implementing new economic policies.

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Submitted by The Guardian on