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Hammond hints tax pledge may be dropped
Hammond hints tax pledge may be dropped
This is a duplicate of the Blog Entry made on: 21st April 2017 17:40
This is a duplicate of the Blog Entry made on: 21st April 2017 17:40
The chancellor has given a major hint that he is no fan of the 2015 Tory manifesto pledge not to raise income tax, national insurance or VAT.
After the embarrassing U-turn on the attempt to raise taxes for the self-employed, Philip Hammond told me the government needed "flexibility" on taxes. The manifesto is not yet final, so no irreversible decisions have been taken. The chancellor said he didn't come into politics to "increase taxes". But it is the clearest hint yet that Mr Hammond would like to see the 2015 manifesto promise on taxes significantly amended if not abandoned all together....Read more here
After the embarrassing U-turn on the attempt to raise taxes for the self-employed, Philip Hammond told me the government needed "flexibility" on taxes. The manifesto is not yet final, so no irreversible decisions have been taken. The chancellor said he didn't come into politics to "increase taxes". But it is the clearest hint yet that Mr Hammond would like to see the 2015 manifesto promise on taxes significantly amended if not abandoned all together....Read more here