Jeremy Hunt on collision course with Boris Johnson and Liz Truss over business tax cut

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The Chancellor is expected to rule out a cut to business tax in his 'slimmed down' Budget next week

Striking unions are also expected to be disappointed as the Treasury is poised to rule out any major public sector pay rises in a bid to keep theThe Prime Minister’s immediate predecessors are among a significant cohort of Tories urging the Government to slash business taxes as part of wider calls to boost the economy.

Cutting corporation tax is also believed to be part of the Conservative Growth Group’s dossier of demands that was submitted to the Chancellor last week as part of its efforts to shape the Budget. The Office for Budget Responsibility submitted its final round of forecasts for the Budget on Friday last week, with the watchdog expected to put forward a significantly improved economic picture from Mr Hunt’s Autumn Statement in November.

 

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