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UK economy: Income tax cut to be delayed 'indefinitely', says chancellor

The new tax measures would bring in 拢32 billion after economists estimated the government was facing a 拢60bn black hole in public finances with the mini-budget announcements.

Monday 17 October 2022 13:17, UK

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Chancellor Jeremy Hunt has announced that a 1p cut to income tax will be delayed 'indefinitely' and said that energy price guarantee will only be universal until April - not for two years as originally planned.
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