Hunt to Cut UK Payroll Levy And Eyes Election Income Tax Pledge.

HUNT, Jeremy, 1966-; SUNAK, Rishi, 1980-

Jeremy Hunt, the UK Chancellor, is planning to reduce the national insurance payroll tax by 2 percentage points in the upcoming budget. This reduction, combined with a previous cut announced in November, would result in a £900 benefit for the average worker. The Treasury had considered cutting income tax instead, but it was deemed more expensive and potentially inflationary. It is believed that income tax cuts may be revisited later in the year or included in the Conservative election manifesto. [Extracted from the article]

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