Osborne: No tax cuts before the next election

clock

Chancellor George Osborne has signaled he is unlikely to cut taxes before the next election as the world economy faces a crisis "at least as serious" as the 2008 banking collapse.

Osborne told The Daily Telegraph his focus in the autumn is on helping business. The Chancellor said he does not believe in "tax cuts for Christmas" and refuses to rule out a new levy on multi-million pound properties. He also indicated that with economic growth lower than expected his timetable for reducing the deficit may be delayed and said the plan is "flexible". Osborne also said he will unveil proposals at this week's Conservative Party Conference to prevent workers from taking their employers to an employment tribunal for unfair dismissal during the first two years at a com...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

How charitable giving could help mitigate the IHT on pensions impact

How charitable giving could help mitigate the IHT on pensions impact

Castlefield adviser unpacks what the IHT on pensions changes mean for charitable gifting

Isabel Baxter
clock 27 October 2025 • 3 min read
Reeves eyes income tax rise in Autumn Budget – report

Reeves eyes income tax rise in Autumn Budget – report

Would break Labour’s manifesto pledge

Isabel Baxter
clock 24 October 2025 • 2 min read
Demand for estate planning advice surges as IHT exposure set to triple

Demand for estate planning advice surges as IHT exposure set to triple

Advisers prepare for IHT reforms

Isabel Baxter
clock 21 October 2025 • 2 min read