Member Article

Major tax cuts not an option for PM

“Significant” tax cuts will be ruled out while the government is cutting spending to address the deficit, David Cameron has said.

The Prime Minister told The Daily Telegraph that he wanted to offer people “relief”, but suggested it could only happen “at the end of this hard road”.

Chancellor George Osborne is facing pressure from Tory MPs to reduce the tax burden on voters.

He is reportedly considering a new tax levy on “non doms” for the next Budget.

Mr Cameron, in an interview ahead of the March Budget, insisted there was no “Plan B” on the coalition’s deficit reduction strategy and said tax cuts would only undo the work of curbs in public spending.

But he said the government was protecting the poorest and lifting tens of thousands out of tax altogether by changing tax thresholds.

This was posted in Bdaily's Members' News section by Ruth Mitchell .