Treasury working on 2p Tory tax giveaway in September after GDP boost

The UK economy grew by 0.6% in the first quarter of 2024 in a boost for the Conservatives' electoral strategy - although Labour argues that voters are still feeling the squeezeThe Treasury is working on plans for a pre-election giveaway budget as the Conservatives aim to make political gains from an

A No 10 spokesman said: “Both the Prime Minister and Chancellor have said before more generally – obviously I wouldn’t pre-empt any fiscal events – but more generally, we want to cut taxes further where we can and where it’s financially responsible to do.” Rachel Reeves, the shadow Chancellor, insisted that the GDP figures did not help many people struggling with their living costs.

Source: Financial Digest (financialdigest.net)

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