Tory Tax Cuts Could Determine Election Timing
August 15, 2023
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9:29Now PlayingTory Tax Cuts Could Determine Election Timing
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as posted by the channelThe Conservatives are planning to cut taxes next year, in an effort to buy votes. Everyone thinks it would be purely political and that taxes would have to go up again the following year, no matter who wins the election. But even the announcement of tax cuts is likely to provoke a reaction from the markets and certainly the Bank of England. This might mean that, if Sunak wants to announce tax cuts next March, he must have an election very soon after.
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