Tory MPs are again pushing for tax cuts after Jeremy Hunt suggested they were unlikely before the election
TORY MPs last night launched a fresh push for tax cuts after Jeremy Hunt suggested it was unlikely before an election.
A large faction of backbenchers are pushing for tax breaks to take precedence over record wage increases for public sector workers.
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They are growing impatient at Rishi Sunak’s reluctance to lighten the burden on ailing Brits – saying it could actually help bail out the economy.
The Prime Minister has staked his career on halving inflation – currently 8.7 percent – by the end of the year and is struggling to make progress.
The chancellor has further dampened hopes of pre-election relief by saying he would “not support tax cuts” if they risked fueling price hikes.
But last night Tory MP Sir James Duddridge said: “Wage moderation and tax cuts are needed to stimulate the economy while bringing down inflation.”
“If it doesn’t work, you have to make changes, only a fool would carry on as if expecting a different result.”
Sir Jacob Rees-Mogg said: “The public sector is far too bloated and spending needs to be curbed.”
“Now we have the highest tax burden in a generation and people should be allowed to keep more of their money.”
Former Cabinet Secretary Sir John Redwood added: “Public sector spending would be much more inflationary than selected tax cuts, which could even help dampen inflation.”
A reduction in VAT for small businesses, for example, would increase supply while allowing businesses to lower prices.”
A second former cabinet minister said: “While unions are unrealistic in their wage demands, targeted tax cuts are a responsible way of helping both the public and private sectors.”
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