Tory leadership challenger Sir Malcolm Rifkind – widely thought likely to
back former Chancellor Ken Clarke in the forthcoming Tory leadership battle –
has said One Nation Conservatives would support a major reform and
simplification of the tax system.
Rifkind said reform would be desirable in itself and release considerable
savings which could be used to reduce the tax burden.
He added: ‘Tax cuts, in the first instance, would be used to benefit low
earners, pensioners and others who have lost out in recent years.’
Welcome to our live blog for Spring Budget 2017. Follow our Budget coverage throughout the day, including expert analysis and opinion on the key issues
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Many working in professional services have received honours this new year from the Queen