UK economy flatlines as higher interest rates bite

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Asked if he would be looking to reduce taxes in the Autumn Statement on 22 November, Mr Hunt said he wanted to bring the tax burden down, but that business tax cuts would take priority over personal taxes. “I’ve always been clear that low taxes are part of a dynamic, successful, entrepreneurial economy, but what I’ve said is my priority is growth, so cutting business taxes is the most important thing at this stage,” he said.

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