UK chancellor announces major tax cut to boost economic growth

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UK chancellor announces major tax cut to boost economic growth

STORY: UK chancellor announces major tax cut to boost economic growth SHOOTING TIME: Nov. 22, 2023/file DATELINE: Nov. 23, 2023 LENGTH: 00:03:00 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of Downing Street No.11 (office of British Chancellor of the Exchequer) 3. SOUNDBITE (English): JEREMY HUNT, British Chancellor of the Exchequer (UK Parliament TV) 3. various of streets in London, NHS strikes and shops in Manchester (2023 files) STORYLINE: British Chancellor of the Exchequer Jeremy Hunt on Wednesday announced a package of tax cuts for businesses and workers, designed to boost the country's economic growth. SOUNDBITE (English): JEREMY HUNT, British Chancellor of the Exchequer "In today's Autumn Statement for Growth, our choice is not big government, high spending and high tax because we know that leads to less growth, not more. Instead, we reduce debt, cut taxes and reward work. The Office for Budget Responsibility said that the combined impact of these measures will raise business investment

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