TaxCorporate TaxTories hesitate on upfront tax cuts

Tories hesitate on upfront tax cuts

Shadow chief secretary to the Treasury says he is reluctant to commit to unfunded tax cuts

Philip Hammond, the recently appointed shadow chief secretary to the
Treasury, has said he will not make upfront commitments to making unfunded tax
cuts.

Echoing the comments by shadow chancellor George Osborne, Hammond told
the FT that the Tories saw very little scope for cuts to public
spending, effectively limiting the opportunities for tax cuts.

Hammond said the Conservatives would look at ‘rebalancing’ the tax system by
shifting the tax burden from ‘hard work and savings’ to ‘environmentally
harmful’ consumption.

Further reading:

Tories to restore tax breaks for married couples

Tories take sides in private equity tax row

Grant Thornton to help Tories on tax

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