JEREMY Hunt last night hinted that more tax cuts could be approved in just weeks.
At the World Economic Forum in Davos, the Chancellor said he wants Britain to be more “dynamic” following in the foot-steps of low tax America and Asia.
AFPAt the World Economic Forum annual meeting in Davos Jeremy Hunt hinted that more tax cuts are on the horizon[/caption]
The Chancellor insisted he wants to reduce the 70-year high tax burden at the Budget at the start of March.
He was speaking in Switzerland after cuts to National Insurance were introduced earlier this month for workers.
The welcome slashing of National Insurance first announced in November’s Autumn Statement, where the Chancellor also eased business taxes and froze alcohol duty.
Mr Hunt told Sky News: “I believe fundamentally that low-tax economies are more dynamic and more competitive, and in the end, generate more wealth for public services like the NHS.
READ MORE MONEY NEWS
“My priority in the budget will be growth, because if I can grow the economy, that will mean that then we have more money for the NHS.
“We can relieve the pressure on families, we can invest in our brilliant armed forces, all the things that really matter.”
Mr Hunt also warned about regulation of rapidly-developing Artificial Intelligence calling on talks with China ensuring there is no tech arms race between superpowers.
He said: “We also need guard-rails to make sure a rogue actor isn’t going to be able to use AI to build nuclear weapons.”
Tax cuts are seen by many Tory MPs as crucial to overturning dismal polling.
Backbenchers have told Rishi Sunak he must return to Tory principles and continue bringing the tax burden now.