Chancellor ‘may very well be planning shock revenue tax lower’ | EUROtoday

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Jeremy Hunt’s Budget plan to chop National Insurance by 2p quantities to “fiddling while Rome burns”, Lord Frost has warned.

The former Brexit minister stated the Chancellor wanted to make use of immediately’s tackle within the House of Commons to set out a technique to deal with the UK’s issues of which he stated there are “lots and lots”.

The Tory peer additionally stated Mr Hunt ought to spell out that the UK has “no future” as a “high-tax, high-spend social democrat economy”.

He informed Sky News: “What I want to see is a Budget that deals with the problems the country has got and it does have lots and lots of problems, there is no doubt about that.

“But what I’d like to hear is the Chancellor setting out a strategy, telling us that there is no future for this country as a high-tax, high-spend social democrat economy, coming up with a strategy that is going to focus on growth.

“The economy is not growing. Incomes per head are actually falling and people can feel it. We need something that deals with that and I’m afraid welcome as a 2p cut in National Insurance would be, it is really just sort of fiddling while Rome burns, I’m afraid.”