Nov 20, 2023
The British government's ability to cut taxes is limited because of a series of recent events including government intervention for Coronavirus and the war in Ukraine, voters have been told as the Conservative party shifts to soften up its voters ahead of the looming general election. British Prime Minister and Conservative Party leader Rishi Sunak signalled a claimed change in his approach to the economy in a speech on Monday, saying he was satisfied inflation had fallen enough to begin talking about tax cuts, perhaps the most powerful weapon he has in his electoral toolkit with only around a year to go to seemingly unwinnable national elections. Yet despite the aspirational language of the address, the Prime Minister also made clear individuals should probably not expect to get a tax cut any time soon, and whatever little his government would be willing to give before the big vote for the next government in late 2024, would probably be going to businesses instead. To View Tweet D