Hunt reportedly mulling stamp duty and NI cuts in effort to woo voters, as the Chancellor prepares to unveil a package of measures aimed at boosting the economy and winning over disaffected Tory voters.
The move comes as the government faces growing pressure to deliver on its promise to reduce the cost of living for ordinary people, and as the Chancellor, Jeremy Hunt, seeks to shore up support among Conservative MPs who are increasingly restless about the party’s direction.
According to sources close to the Treasury, Hunt is considering a range of options, including cutting stamp duty on property purchases and reducing national insurance contributions for low- and middle-income earners.
The Chancellor is said to be keen to use the measures to demonstrate his commitment to the government’s economic agenda, and to show that he is willing to take bold action to address the cost of living crisis.
However, the move is likely to be met with skepticism by some economists, who warn that cutting stamp duty could lead to a surge in property prices and exacerbate the housing shortage.
Despite this, the Chancellor is said to be undeterred, and is believed to be willing to take the risk in order to achieve his goal of boosting economic growth and winning over voters.
In a statement, a Treasury spokesperson said: ‘The Chancellor is committed to delivering a package of measures that will help to boost the economy and reduce the cost of living for ordinary people.’
However, the move is likely to be met with skepticism by some economists, who warn that cutting stamp duty could lead to a surge in property prices and exacerbate the housing shortage.
Despite this, the Chancellor is said to be undeterred, and is believed to be willing to take the risk in order to achieve his goal of boosting economic growth and winning over voters.
The Chancellor’s move is seen as a bold attempt to shake off the government’s reputation for being out of touch with ordinary people, and to demonstrate its commitment to delivering on its promises.
The package of measures is expected to be unveiled in the coming weeks, and is likely to be met with a mixed reaction from economists and politicians.
In the meantime, the Chancellor is said to be working closely with his team to finalize the details of the package, and to ensure that it is delivered in a way that is fair and effective.
The move is seen as a key test of the Chancellor’s ability to deliver on his promises, and to demonstrate his commitment to the government’s economic agenda.
As the Chancellor prepares to unveil his package of measures, he will be hoping to win over voters and to demonstrate his commitment to delivering on his promises.
The package of measures is expected to be unveiled in the coming weeks, and is likely to be met with a mixed reaction from economists and politicians.
The Chancellor’s move is seen as a bold attempt to shake off the government’s reputation for being out of touch with ordinary people, and to demonstrate its commitment to delivering on its promises.
The Chancellor is said to be keen to use the measures to demonstrate his commitment to the government’s economic agenda, and to show that he is willing to take bold action to address the cost of living crisis.
In a statement, a Treasury spokesperson said: ‘The Chancellor is committed to delivering a package of measures that will help to boost the economy and reduce the cost of living for ordinary people.’
The move is seen as a key test of the Chancellor’s ability to deliver on his promises, and to demonstrate his commitment to the government’s economic agenda.
As the Chancellor prepares to unveil his package of measures, he will be hoping to win over voters and to demonstrate his commitment to delivering on his promises.
The package of measures is expected to be unveiled in the coming weeks, and is likely to be met with a mixed reaction from economists and politicians.
The Chancellor’s move is seen as a bold attempt to shake off the government’s reputation for being out of touch with ordinary people, and to demonstrate its commitment to delivering on its promises.
