Chancellor defends his tax rises and delayed spending cuts, saying it is a plan to bring down inflation
Jeremy Hunt was questioned why he did not do anything about the non-dom tax status. The chancellor said the Treasury did not give him estimates on how much abolishing the non-dom tax status would raise, but added he would rather the super rich “stayed here and spent their money here”.
The Chancellor told BBC Radio 4’s Today programme:
They said to me that they were very unsure about the figures that were being bandied around, as far as the savings were concerned.
Like me they wanted to be very sure they weren’t doing things that damaged the UK’s attractiveness. These are foreigners who could live easily in Ireland, France, Portugal, Spain, they all have these schemes. All things being equal, I would rather they stayed here and spent their money here.
No, because we don’t agree with the figures that Labour have given.
The Treasury did not tell me it was going to help the economy to do this, that’s why I chose not to do it.
I’m not going to do anything that’s going to damage the long-term attractiveness of the UK, even though it gives easy shots to opposition parties, I think it would be the wrong thing to do in terms of creating jobs in the UK.
I didn’t feel like that. I’m really worried about what’s going to happen to people’s living standards from April.
Even if you have a difficult fiscal inheritance, and we know that a Labour government will have that due to the choices the Conservatives have made, you can still make different choices and prioritise different things.
Continue reading…Chancellor defends his tax rises and delayed spending cuts, saying it is a plan to bring down inflationJeremy Hunt was questioned why he did not do anything about the non-dom tax status. The chancellor said the Treasury did not give him estimates on how much abolishing the non-dom tax status would raise, but added he would rather the super rich “stayed here and spent their money here”.The Chancellor told BBC Radio 4’s Today programme:They said to me that they were very unsure about the figures that were being bandied around, as far as the savings were concerned.Like me they wanted to be very sure they weren’t doing things that damaged the UK’s attractiveness. These are foreigners who could live easily in Ireland, France, Portugal, Spain, they all have these schemes. All things being equal, I would rather they stayed here and spent their money here.No, because we don’t agree with the figures that Labour have given.The Treasury did not tell me it was going to help the economy to do this, that’s why I chose not to do it.I’m not going to do anything that’s going to damage the long-term attractiveness of the UK, even though it gives easy shots to opposition parties, I think it would be the wrong thing to do in terms of creating jobs in the UK.I didn’t feel like that. I’m really worried about what’s going to happen to people’s living standards from April.Even if you have a difficult fiscal inheritance, and we know that a Labour government will have that due to the choices the Conservatives have made, you can still make different choices and prioritise different things. Continue reading…