Jeremy Hunt has signalled he's ready to announce tax cuts for the wealthy in his autumn statement on Wednesday. It's thought the chancellor is considering slashing inheritance tax and business taxes. His comments come during a visit to Milton Keynes' Blue Light Hub, which brings together fire, ambulance and police services. Report by Czubalam. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00 When it comes to tax, I know there's been a lot of speculation, we will not do anything
00:04 that compromises the battle against inflation.
00:07 We have succeeded this week in halving inflation compared to when I became Chancellor and Rishi
00:13 Sunak became Prime Minister.
00:15 That is the single most important thing we've done and we will not do anything to jeopardise
00:20 the progress.
00:21 You're going to have to wait until Wednesday to hear the decisions I take, but one thing
00:26 I want to be very clear about, there's no easy way to reduce the tax burden.
00:32 What we need to do is to take difficult decisions to reform the welfare state and to make public
00:38 services more productive, more efficient.
00:41 Today I've been talking to police officers, ambulance drivers, people in our emergency
00:45 services who say they waste far too much time on admin.
00:49 If we address those problems, we can stop taxes going up and that is a very big priority.