Sunak promises tax cuts ahead of crunch autumn statement

Rishi Sunak has promised to cut tax “carefully and sustainably” after meeting his target of halving inflation.

The Prime Minister did not give specifics about how the tax burden would be reduced ahead of Wednesday’s autumn statement.

But Mr Sunak said he was able to move on to the “next phase” of the Government’s economic plan after inflation fell to 4.6% in October.

In a speech at a London college, he said: “We will do this in a serious, responsible way, based on fiscal rules to deliver sound money, and alongside the independent forecasts of the Office for Budget Responsibility.

“And we can’t do everything all at once. It will take discipline and we need to prioritise.

“But over time, we can and we will cut taxes.”