The Government is thought to be planning one more 'fiscal event'
Jeremy Hunt has previously hinted there could be a further “fiscal event” before voters go to the polls in an effort to underline the Conservatives’ tax-cutting credentials.
Both last year’s autumn statement and last month’s Budget contained eye-catching cuts to national insurance, but freezes to tax thresholds and other changes have seen the overall tax burden increase. Mr Hunt and Prime Minister Rishi Sunak have said their “long-term ambition” is to scrap national insurance entirely, but have not set a date for this.
But the last two national insurance cuts, worth a total of around £900 to someone on the average wage, have had little impact on the polls, with Ipsos finding a record low of just 19% of voters backing the Tories in a recent survey.
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