Hunt Handed Extra ‘Headroom’ for Tax Cuts mdi-fullscreen

The Office for National Statistics have released figures this morning showing the government borrowed £96.6 billion in the last 10 months, £9.2 billion less than the OBR forecast. No surprise that the OBR got it wrong…

The usual January surplus is at an all time monthly high, and double what it was last January. Hopefully this will put a spring in Hunt’s step into the Spring Budget as he’s been handed £9.2 billion extra headroom for tax cuts. Hunt has been indulging in some expectation management recently, though with the Tories plummeting in the polls, and voters not being able to afford high taxes, radical tax cuts are necessary. As Hunt loves the word “headroom” so much, these recent figures may give him an opportunity to make the most of it at the budget…

mdi-tag-outline Budget Office for Budget Responsibility Office for National Statistics
mdi-account-multiple-outline Jeremy Hunt
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