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...The figure, disclosed in a Treasury analysis of Labour party policy, shows the gains made during what was a lucrative year for the private equity industry, thanks in part to buoyant stock markets....
...Macpherson said that gloom about the British economy was overdone and that contrary to widespread expectations, whoever wins the next general election could see healthy revenues flowing into Treasury coffers...
...Balls said his funds had a larger than normal position in gilts and he was not worried about a potential borrowing splurge ahead of a general election....
...Swagel, who served in the US Treasury under Republican president George W Bush, acknowledged that next year would be important “for fiscal policy in particular”, given the debate over extending the tax cuts...
...general election....
...Removing three key inheritance tax reliefs could raise £3bn for the Treasury in the current tax year and would result in a fairer system, according to a leading think-tank....
...The Treasury said: “The chancellor has been clear that growing the economy and improving productivity is vital to improving public services, and that any further tax cuts will be delivered in a fiscally...
...Although the fuel duty freeze is strongly backed by Tory MPs, it has been expensive for the Treasury....
...But Bim Afolami, economic secretary to the Treasury, claimed that Labour itself had “no plan to cut the burden of tax” if it won the general election....
...Scottish Secretary Alister Jack said it was “right” for some of the “huge” profits made by energy companies after the invasion of Ukraine to be returned to the Treasury to support better public services....
...Laura Trott, chief secretary to the Treasury, said: “After a month of searching for a plan to pay for Labour’s unfunded spending, the shadow chancellor still cannot say how she will fill the enormous black...
...For HMT to reverse that decision today is not the way to run a tax administration.”...
...Campaigners who have criticised the Morse review for its limited scope and queried its independence are pushing for a new review into the loan charge, after the general election....
...and education pledges should it win the next general election....
...It was a major shift for the prime minister....
...the NHS,” Hunt told the Treasury committee....
...UK households are set to end up in a “tax sandwich” where potential cuts at Jeremy Hunt’s upcoming Budget sit between big earlier tax increases and further rises after the general election, a leading think-tank...
...Hunt has left open the possibility of another fiscal event, that would allow him to cut taxes, ahead of an expected autumn general election, but Treasury insiders said he was not planning for that ahead...
...But the upcoming general election means that when it comes to tax, anything could happen....
...“de minimis” thresholds for duty or tax on small parcels with lack of control over their contents....
...Sunak vowed in his last Budget as chancellor in March 2022 that he would cut the basic rate of income tax from 20p to 19p by 2024, proclaiming it would be “a tax cut for workers, for pensioners, for savers...
...Treasury insiders say the UK chancellor is looking at “further spending restraint” after 2025, if official forecasts suggest he does not have enough fiscal headroom to pay for “smart tax cuts”....
...The tax agency had announced earlier it would permanently cut the number of telephone lines available to provide taxpayers with help for self-assessment tax returns, VAT and pay-as-you-earn issues....
...The Treasury said the unit had grown to 250 people over the past 10 years and that recent fiscal events had shown its commitment to growth, whether cutting taxes on work or boosting tax breaks for business...
...The Tories argue the initiative will have to be paid for with tax rises....
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