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New Chancellor Hunt Reverses Tax Cuts and Long-Term Support For Energy Bills
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New Chancellor Hunt Reverses Tax Cuts and Long-Term Support For Energy Bills Check out my new training to help you get control of your financesand learn how to build real wealth in 28 days! Click to join: https://bit.ly/3isugCr Newly appointed Chancellor, Jeremy Hunt MP, has ripped up his predecessor’s doomed mini budget after replacing Kwasi Kwarteng MP on Friday. Wholesale government borrowing interest rates have stabilised after Mr Hunt steadied the ship and restored confidence in the ‘markets’, which have now factored in an interest rate peak next May of just over 5%. Watch video on my YouTube channel Charles Kelly Money Tips Podcast - https://youtu.be/JMbSw-H221g SCRAPPED INCOME TAX Jeremy Hunt ditched the plan to cut the basic rate by 1p from April. Planned cut to corporation tax. ENERGY BILLS The typical household energy bill has been capped at £2,500 for the next two years. The 'guarantee' policy was estimated to cost the government over £100billion. Now expected to be overhauled, with help targeted o