Chancellor Set for Early Christmas Gift of Tax Cuts

Summary


A MULTI-BILLION-POUND package of tax breaks is expected to be Alistair Darling's pre-Christmas gift to taxpayers in an effort to stimulate the economy.

Government sources have strongly hinted that the Chancellor's Pre- Budget Report, to be delivered next Monday, will contain a fiscal stimulus package worth between GBP 15 billion and GBP 30 billion.

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Extract


Chancellor Set for Early Christmas Gift of Tax Cuts

Low-income families have been touted as the biggest winners, probably through the tax credit and winter fuel payment...

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