The Chancellor of the Exchequer has poured cold water on the prospect of any tax cuts in the near future – for landlords or indeed anyone else.
Hunt, in a major speech plotting a future path for the growth of the economy, made it clear that he wanted Britain to be defined as “low tax” but said actual tax cuts must wait until after inflation comes under control.
He said the “best tax cut right now is a cut in inflation” and that any actual tax cuts would worsen inflation by giving people more money in their pockets to spend, which could push up demand for goods, and consequently push up the prices of them.