Chancellor denies tax cuts were 'pre-election giveaway'
Video Credit: ODN - Duration: 00:49s - Published
Chancellor denies tax cuts were 'pre-election giveaway'
Chancellor Jeremy Hunt has denied making "crowd-pleasing" cuts to income and inheritance taxes in his Autumn Statement, in favour of measures to help grow the economy.
Mr Hunt said he believed reducing the National Insurance for millions "would bring more people back into work."
Report by Kennedyl.
Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Sir Keir Starmer met his Norwegian counterpart Jonas Gahr Støre at the Joint Expeditionary Force (JEF) Summit in Oslo. The prime ministers then sat at a roundtable for discussions over regional security challenges with other European heads of state. The JEF coalition consists of the UK, Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, the Netherlands, Sweden and Norway. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The defence secretary says the government's commitment to NATO is "unshakeable". Speaking at the London Defence Conference, John Healey says Ukraine is fighting for the same freedoms that Europe fought for 80 years ago and that "the lesson of 80 years ago reminds us of the importance of alliances". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Kemi Badenoch says the UK-US trade agreement is "not a historic deal". The Conservative Party leader adds it is simply a "small tariffs deal" that leaves the country in a "worse position than we were in March". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Andrew Bailey says he is "very pleased" that the UK and the US have reached a trade deal agreement. But the governor of the Bank of England adds the deal will become much more important "if it becomes the trendsetter" for agreements involving the rest of the world. His comments come after the Bank of England cut interest rates from 4.5% to 4.25%. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The prime minister has held a phone call with the US president after agreeing a "historic" trade deal. Speaking from the White House, Donald Trump says there could not be a "more perfect morning to reach this historic agreement", given that the deal has been announced on the same day that Europe celebrated victory in World War II. Sir Keir Starmer replied by paying tribute to the historic, close partnership between the UK and US, adding that "the timing couldn't be more apt". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Work and Pensions Secretary Mel Stride welcomed the Government's latest tax cuts, saying it will be a "driver of people into employment." The chancellor is cutting the main rate of national insurance..
Chancellor Jeremy Hunt made a visit to the Airbus factory in Broughton, north Wales, this morning, a day after announcing tax cuts in the Autumn Statement. Mr Hunt said he chose measures to “make the..
The Chancellor has announced he has cut the main rate of national insurance by 2 percentage points to 10%. Jeremy Hunt says he will introduce "urgent legislation" to bring in the change from January..
![Starmer meets Norwegian PM Gahr Støre at security summit [Video]](https://video.newsserve.net/300/v/20250509/1410284788-Starmer-meets-Norwegian-PM-Gahr-Støre-at-security.jpg)
![Defence Secretary: Our commitment to NATO is unshakeable [Video]](https://video.newsserve.net/300/v/20250509/1410282652-Defence-Secretary-Our-commitment-to-NATO-is-unshakeable.jpg)
![Badenoch: UK-US trade deal leaves UK in worse position [Video]](https://video.newsserve.net/300/v/20250508/1410234486-Badenoch-UK-US-trade-deal-leaves-UK-in.jpg)
![BoE Governor 'very pleased' about UK-US trade deal [Video]](https://video.newsserve.net/300/v/20250508/1410228162-BoE-Governor-very-pleased-about-UK-US-trade.jpg)
![Starmer and Trump hail trade deal during phone call [Video]](https://video.newsserve.net/300/v/20250508/1410223048-Starmer-and-Trump-hail-trade-deal-during-phone.jpg)
![Work and Pensions Secretary welcomes latest tax cuts [Video]](https://video.newsserve.net/300/v/20231124/1361079550-Work-and-Pensions-Secretary-welcomes-latest-tax-cuts.jpg)
![Hunt visits Airbus factory after Autumn Statement tax cuts [Video]](https://video.newsserve.net/300/v/20231123/1361027965-Hunt-visits-Airbus-factory-after-Autumn-Statement-tax.jpg)
![Jeremy Hunt cuts NI tax rate to 10% from January [Video]](https://video.newsserve.net/300/v/20231122/1360979137-Jeremy-Hunt-cuts-NI-tax-rate-to-10.jpg)
