Jeremy Hunt warns everyone will pay ‘more taxes’ after the budget

Chancellor Jeremy Hunt has warned everyone will have to pay “a little more tax” after this week’s budget as he warned of “sacrifices” across the board.

However, Mr Hunt said it was “not all bad news” when he announced his budget on Thursday.

He said he will play Scrooge as he lays out his vision of restoring financial “stability” with a focus on providing families and businesses with “security” after the market turmoil caused by his predecessor’s £45bn tax cut bonanza were triggered.

He has said “people with the broadest shoulders will carry the heaviest burden” as he seeks to fill a so-called black hole in public finances, and is understood to be considering lowering the threshold at which top earners go start paying top tax rate.

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He conceded during a round of radio interviews on Sunday that everyone sees a greater burden in the future.

On who will have to bear the brunt of the extra costs, he said the government would “ask everyone for sacrifices” but said the UK is a “compassionate” country and insisted “there is only so much people can ask for.” in the world demand the very lowest incomes”.

Asked if that means he’ll be paying more taxes after next week, he told Sky’s Sophy Ridge on Sunday: “I’m afraid we’re all going to be paying a little more tax… but it won’t be all bad news.

“I think what people are realizing is that if you want to give people confidence in the future, you have to be honest with the present. And you have to have a plan.

“This will be a plan to help bring down inflation, control high energy prices and also get back to the healthy growth we so desperately need.”

Mr Hunt said he would not “hide” any action he plans to take against the economy if he is secretly challenged over so-called tax hikes.

The Chancellor also confirmed that he would announce the plan for energy bills from April in Thursday’s statement.

He told the BBC on Sunday with Laura Kuenssberg that people would continue to receive support but there would be “some restrictions”.

“Will it be unlimited? We have to recognize that one of the reasons for the post-mini-budget instability was that people were concerned that we were exposing UK public finances to the volatility of the international gas market,” he said.

“So there must be some restrictions.

“But yes, we will continue to support families and I will explain exactly how we will do that.” Jeremy Hunt warns everyone will pay ‘more taxes’ after the budget

Fry Electronics Team

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