Former British finance minister Sajid Javid said he would have cut income tax cu...
FILE PHOTO: Sajid Javid arrives at Downing Street in London, Britain February 13, 2020. REUTERS/Toby Melville
Javid told The Times newspaper the centerpiece of next month’s budget would have been a cut from April in the basic rate of income tax to 18 pence in the pound, from 20 pence, and he had plans to reduce the basic rate to 15 pence from 2025. Javid said he would have paid for the income tax cuts partly through cutting waste in government spending.
Javid said he had also planned to reduce stamp duty, would have introduced a network of fast-charging stations for electric vehicles and provided help for the five million adults lacking basic literacy and numeracy skills to retrain.
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