Taxes to be cut in Autumn Statement - but interest rates to stay high until 2025
- Bias Rating
8% Center
- Reliability
55% ReliableFair
- Policy Leaning
8% Center
- Politician Portrayal
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The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
Sentiments
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Reliability Score Analysis
Policy Leaning Analysis
Politician Portrayal Analysis
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Contributing sentiments towards policy:
60% : There will also be tax breaks for businesses that reinvest their profits, and reforms to planning laws as well as Government investments to encourage the growth of strategic industries such as batteries for electric cars.56% : The Bank of England has warned that most of the effect of interest rate hikes has not yet been felt by consumersJeremy Hunt will confirm that he is cutting taxes on workers in an autumn statement on Wednesday designed to boost the economy even as high interest rates continue to batter consumers for the next year.
54% : National insurance is understood to be the major tax that is most likely to be cut, with a senior Government source promising a focus on policies that "motivate people into work".
46% : After months of insisting that he was unable to cut taxes in the face of appeals from disgruntled Conservatives, Mr Hunt will tell MPs that improvements in inflation, borrowing and financial markets mean he can reduce the burden of taxation on both individuals and businesses.
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.