Saturday, February 4, 2023
HomeUK NewsJeremy Hunt's Budget won't 'completely protect' every Brit from spiralling inflation

Jeremy Hunt’s Budget won’t ‘completely protect’ every Brit from spiralling inflation

- Advertisement -

JEREMY Hunt warned his Budget will not “completely protect people” from inflation hell.
The Chancellor said his “priority” will be shielding the poorest families from crippling prices.
Chancellor Jeremy Hunt said his 'priority' will be shielding the poorest families1Chancellor Jeremy Hunt said his ‘priority’ will be shielding the poorest familiesCredit: Jeremy SelwynHe braced Brits as the second half of the £650 cost of living payments are paid out to more than eight million today.
And he said his aim for the November 17 Budget “will be to protect the poorest in society as we take the tough decisions necessary to fix our public finances”.
Meanwhile, Mr Hunt is looking at freezing the threshold for paying a levy on inherited estates at £325,000 rather than raise it with inflation.
It means more will pay the 40 per cent tax, bringing in more cash.
Mobile, broadband and TV bill warning as costs set to rise due to inflationInflation hits 10.1% as food and energy prices soar – what it means for your money
More Brits are set to be fleeced for inheritance tax under plans being considered by Mr Hunt.
The Chancellor is looking at freezing the threshold people pay a levy on inherited estates at £325,000 rather than raise it with inflation.

Story Credit: thesun.co.uk

RELATED ARTICLES
- Advertisment -

Most Popular