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Income Tax cut by 2024
In his speech Sunak stated " I can confirm, before the end of this Parliament, in 2024, for the first time in sixteen years
the basic rate of income tax will be cut from 20 to 19 pence in the pound".
However in the printed statement on GIov.UK (not his speech) it states "The government will reduce the basic rate of
income tax to 19% from April 2024".
There is somewhat of a difference between 'before the end of this Parliament, in 2024' and ' from April 2024'
Sunak's words could be interpreted as any time from now until 2024. However the statement clearly quotes 'from 2024'
Yet another false sunrise!!
Comments
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How is it different ? He clearly stated "in 2024" with no indication of it being any earlier and in fiscal terms 2024 starts in April 2024.
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This comes under the heading of we will keep the triple lock in place - of the last election manifesto. They all speak with forked tongues.
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