UK welfare budget could be cut to pave way for tax cuts, says Jeremy Hunt

by marketrent

6 comments
  1. Yeah it’s only one or the other, there is no other way of generating the money needed to cut taxes

  2. After it’s been exposed that chronically underfunding education, policing, healthcare and infrastructure are ideologically driven rather than pragmatic, this shouldn’t come as a shock to anyone

  3. The welfare budget is huge only because pensions is under the welfare bracket but they’re not going to touch the triple lock at all. Again it’ll be to push people who need help into homelessness and then everyone will be surprised when homelessness increases further than it already has .

  4. So this is going to be their vote winner then going into the election – tax cuts.

    We cant do it now or the past 13yrs, but vote for us again and we will

  5. The Guardian covers Jeremy Hunt’s interview with the Times, in which the chancellor offers to end the “vicious circle of ever-rising taxes” by cutting funds for welfare and public services:^1

    >There is no shortage of senior Tory figures urging the chancellor to announce tax cuts, including the former prime minister Liz Truss, one of several expected to speak out against current taxation levels during the conference.

    >“We should always seek to reduce the tax burden, especially when there’s so much pressure on family budgets,” she tweeted on Friday, adding that she viewed high taxes as the cause of the UK’s “stagnating” economy.

    According to the Institute for Fiscal Studies, tax rises have largely been the consequence of a desire for higher government spending on things that pre-date the pandemic (such as manifesto promises to expand the NHS workforce and hire more police officers, and a September 2019 declaration to be ‘turning the page on austerity’).

    Hunt’s messaging omits this context, in the Times:^2

    >All [government] departments will be told to identify savings from reducing the number of routine tasks carried out by frontline staff such as doctors, teachers and police officers, helped by investment in new technology.

    >Hunt said the government was also looking to overhaul the benefits system, which he described as “incredibly damaging to the economy and individuals”.

    ^1 https://www.theguardian.com/politics/2023/sep/30/uk-welfare-budget-could-be-cut-to-pave-way-for-tax-cuts-says-jeremy-hunt

    ^2 https://www.thetimes.co.uk/article/jeremy-hunt-benefits-welfare-reform-public-services-costs-rising-taxes-h3jdr2njq

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