Jeremy Hunt paves way for spring election with tax cuts

Contributing sentiments towards policy:

65% : Mr Ross, who has warned Labour's plan to raise the tax to 78% until 2029 could cost 100,000 jobs, said on Saturday that any extension would be an "unacceptable blow".
50% : All Scots earning more than £28,867 will pay more income tax than their southern peers, around £1,540 more next year for those earning £50,000 and £3,340 more for those on £100,000.Sean Cockburn, of the CIOT, said: "Cutting National Insurance rather than income tax means the Chancellor can say his decisions on personal taxes benefit taxpayers across the UK.
49% : The Tory Chancellor confirmed the main rate of National Insurance (NICs) would be cut from 10 to 8% from April, benefitting 27million people UK-wide.
49% : "However many workers will see most or all of these savings wiped out by the freezes in income tax thresholds.
48% : The Chartered Institute of Taxation said that the different income tax regimes on either side of the border meant Scotish worlers would be at most £23 better off than their English counterparts in 2024/25.
48% : "But those with earnings above £28,867 will pay more tax and NI than someone with the same level of earnings in the rest of the UK, because of higher rates of Scottish income tax."
47% : "This reduction means that compared with the current tax year, taxpayers will pay up to £1,320 less in National Insurance in 2024/25."The combined effect of the Scottish Government's income tax policy and these National Insurance reductions mean that in the coming year, Scottish taxpayers with income of up to £112,900 will pay less in tax and National Insurance combined than they have in the current tax year.
45% : Mr Hunt also offered more help with child benefits to parents earning more than £50,000 and cut the top rate of capital gains tax on property sales - arguing that reducing it from 28% to 24% would bring in more money because of increased activity.

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