Rishi Sunak declined to say whether income tax will be cut before the next election despite the promise of future tax cuts in his budget announcement.
The Chancellor said yesterday that his long-term ambition was to cut taxes before the country went to the polls, which should be in 2024. He argued there was a “moral” argument for a more state. small.
However, when asked if he would cut taxes before then, Sunak told Sky News that they “started cutting taxes yesterday” with the reduction in the universal credit depreciation rate.
He added: “As I said very clearly yesterday, my ambition is to lower people’s taxes, that’s what I would like to do as Chancellor.”
When asked to answer “yes or no” to the question of whether there would be tax cuts before the next election, he replied, “No, no. Let us just talk about this budget rather than all the others.
Pressed on the question, he replied: “I think I made a very clear demonstration of our intention yesterday.
The Office of Budgetary Responsibility [OBR] Said taking the March and October budgets together, Sunak had raised taxes more this year than in a single year since Norman Lamont and Ken Clarke’s two 1993 budgets in the aftermath of Black Wednesday .
Sunak told municipalities he didn’t like the tax increases but that they were the result of the “unprecedented crisis” of the pandemic. He also said Boris Johnson is committed to cutting taxes in the coming years.
The budget contained government spending plans at levels not seen since the 1970s. And Sunak told MPs the Tories are the “real party of public services” as he announced an additional £ 150bn for services public.
The Chancellor has had wiggle room in the budget thanks to better-than-expected economic growth and tax hikes.
The spending frenzy has moved Tory tanks to the Labor front again, but critics argue it won’t do much to help the poorest amid a cost-of-living crisis.
The OBR said the cost of living could rise at its fastest rate in 30 years, with suggestions that inflation could reach nearly 5%.
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This article originally appeared on HuffPost UK and has been updated.