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answering body	Treasury
hansard heading	Taxation
question text	To ask His Majesty%27s Government what assessment they have made of the feasibility of cutting taxes in the upcoming budget, further to the report, Public sector finances, UK: December 2023, published by the Office for National Statistics on 23 January, and having regard to the overall stability of the economy.

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

1684991

registered interest

date

24/01/2024

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Taxation

house id

legislature

25277

	pref label	House of Lords

question text

To ask His Majesty's Government what assessment they have made of the feasibility of cutting taxes in the upcoming budget, further to the report, Public sector finances, UK: December 2023, published by the Office for National Statistics on 23 January, and having regard to the overall stability of the economy.

tabling member printed

Lord Taylor of Warwick

uin

HL1902

answer

is ministerial correction

date of answer

01/02/2024

answer text

The Government is committed to sustainable public finances and has taken responsible decisions to keep debt falling and borrowing at a sustainable level.Autumn Statement 2023 confirmed that inflation has been halved and underlying debt is forecast to fall. The Chancellor is now delivering on his commitment to cut taxes – making full expensing permanent so businesses can invest for less. In addition, the Chancellor’s reforms to NICs will cut taxes for 29 million working people. These reforms will grow the economy, and make the tax system simpler for businesses and individuals. The Chancellor announced in December that he has commissioned the Office for Budget Responsibility to prepare an updated economic and fiscal forecast to be presented to Parliament alongside his Spring Budget on 6 March 2024.

answering member printed

Baroness Vere of Norbiton

question first answered

01/02/2024 16:04:34

answering member

4580

	label	Biography information for Baroness Vere of Norbiton

tabling member

1796

	label	Biography information for Lord Taylor of Warwick