you spoke . Mr. Hunt listened
WE couldn’t be prouder that we convinced the Chancellor not to make this cost of living crisis any worse for our readers – and for Britain as a whole.
When drivers fill up next year, they can give a special thank you to our Keep It Down campaign for saving £100. . . even more so for those who use their car, van or truck for work on a daily basis.
Treasury officials cursed us when Jeremy Hunt credited The Sun in his budget for convincing him to heed our advice on motorists’ plight.
Stingy drivers seem to come as an easy blow to well-heeled Whitehall dudes commuting by tube.
We know how hard an increase in fuel taxes would have hit everyone else, especially beyond the M25.
Well done, Mr. Hunt, for your sanity.
As always, the fine print of the budget can gradually reveal a few scares – but at first glance, the fuel freeze looks like a decent harvest of profits to our readers.
The energy price cap will be extended by a further three months.
Millions on prepaid meters are charged no more than on direct debits. Both are great news.
The big expansion of free childcare is a huge boost for young families desperate for work.
And those on Universal Credit get their costs covered immediately – another Sun win.
Taxes are still way too high
The other important element of Mr Hunt’s “back to work” campaign, to get millions of inactive people to fill the glut of jobs, is more controversial.
Removing the limit on retirement savings before punitive taxes come into effect is a game changer for some wealthier people in their 50s and 60s.
But it’s expensive — and only time will tell if it encourages enough of them to keep earning and saving rather than retiring early.
NHS bosses insist it could keep thousands of experienced GPs in work.
Given the crisis in our practices, it’s worth it.
We welcome the new defense spending including £30m for veterans.
And finally, a government is getting serious about nuclear power without which Net Zero Britain is just a fantasy.
But when will new power plants actually be announced?
The Chancellor’s tone was optimistic, yet the OBR predicted NO recession this year and inflation plummeted within months.
But taxes remain far too high and growth is miserable. Which makes sticking with April’s 6 percent corporate tax hike bizarre.
Mr. Hunt is at least stimulating investment by allowing companies to temporarily deduct new equipment and IT from taxable profits.
Fine. But that tax increase still deters foreign companies from moving here.
This is an own goal for Brexit Britain.
Keir Starmer chuckled and sneered in response, but offered no alternative solutions.
If that’s all Labor has, Mr Hunt may consider it a good day.
https://www.the-sun.com/news/7641762/the-sun-says-jeremy-hunt-budget/ We couldn’t be prouder that we convinced Jeremy Hunt not to make this cost of living crisis worse for Sun readers