Hunt's 2p Budget tax cut is not 'silver bullet' to rescue party, Osborne warns

Contributing sentiments towards policy:

60% : Mr Hunt also announced the abolition of tax breaks on holiday lets, which he said would raise £245 million a year.
54% : But a series of frozen thresholds will see many more people dragged into higher tax brackets, so-called fiscal drag.
49% : But in a withering assessment, the highly-respected Institute for Fiscal Studies (IFS) said for every £1 handed back to voters by the chancellor, the decision to freeze tax thresholds would claim £1.30.
48% : He rejected moves that could have seen him cut future public spending, but did announce expected improvements in productivity.
47% : As he sought to raise money to fund his giveaways, he also cut the top rate of capital gains tax on property sales, from 28% to 24%, a move he said would raise more money by increasing activity in the market.
39% : Mr Hunt also confirmed a new British ISA, which would allow an extra £5,000 of tax-free investment in UK assets.

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