<p>UK Prime Minister Rishi Sunak on Thursday said that he wished he could cut taxes but the current public finances are not in favourable condition.&nbsp;</p>

<p>Sunak said that the pandemic and the ongoing war in Ukraine had left the state of public finances "not where it needs to be."&nbsp;</p>

<p>He said that people are 'not idiots' and will understand why the immediate tax cuts are unaffordable.&nbsp;</p>

<p><a href="https://www.wionews.com/world/rishi-sunak-says-ready-for-a-showdown-with-union-leaders-vows-to-introduce-anti-strike-law-543136"><strong>Also read |&nbsp;Rishi Sunak vows to introduce anti-strike law as nurses begin unprecedented day-long strike for better wages</strong></a></p>

<p>As per media reports earlier this week the UK Chancellor, Jeremy Hunt, is planning to "slim down' the budget in March with no immediate tax cuts.&nbsp;</p>

<p>During a Q&amp;A session in Morecambe, Sunak said that when he was a chancellor he 'preferred it when the prime minister didn't comment on the tax policies.'</p>

<p>Assuring people on taxes, he said, "I am a Conservative. I want to cut your taxes, of course I do, because you all work incredibly hard and I want you to keep more of your money so you can spend it on the stuff that you want to."</p>

<p>He added, "trust me, that’s what I’m going to do for you this year, that’s what we’re going to do while I’m prime minister and if we do those things we will be able to cut your taxes."</p>

<p>Meanwhile, when the decision not to cut taxes was revealed, things didn't go well with Conservative MPs.</p>

<p>After Sunak's remarks, various MPs privately said that they were surprised at the language.&nbsp;</p>

<p><a href="https://www.wionews.com/world/uk-rishi-sunaks-govt-overrules-scotlands-gender-self-recognition-law-553282"><strong>Also read |&nbsp;UK: Rishi Sunak's govt overrules Scotland’s gender self-recognition bill</strong></a></p>

<p><strong>Sunak in trouble</strong></p>

<p>With the ongoing discussion on tax cuts, a recent video went viral that showed the prime minister without a seat belt.&nbsp;</p>

<p>Thursday's video posted on Sunka's social profiles showed&nbsp;the seatbeltless leader was seen speaking from the back seat of the car.&nbsp;</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Apologies for not wearing a seatbelt, but I thought that rule only applied to other people and not to us. You know, like all the other rules.<a href="https://twitter.com/hashtag/LevellingUpFund?src=hash&amp;ref_src=twsrc%5Etfw">#LevellingUpFund</a><a href="https://t.co/ZzFmiHcgFL">pic.twitter.com/ZzFmiHcgFL</a></p>
— Parody Rishi Sunak (@Parody_PM) <a href="https://twitter.com/Parody_PM/status/1616079318568022017?ref_src=twsrc%5Etfw">January 19, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>According to UK safety law, failing to wear a seatbelt is punishable by a fine of up to 500 pounds ($619).</p>

<p>After the video was criticised, a spokesman for Downing Street said that Sunak "fully accepts thi was a mistake and apologises."</p>

<p>The British Police said that they will be "looking into" the matter.&nbsp;</p>

<p>(With inputs from agencies)</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>


UK Prime Minister Rishi Sunak on Thursday said that he wished he could cut taxes but the current public finances are not in favourable condition. Sunak said that the pandemic and the ongoing war in Ukraine had left the state of public finances "not where it needs to be.

UK Prime Minister Rishi Sunak on Thursday said that he wished he could cut taxes but the current public finances are not in favourable condition. Sunak said that the pandemic and the ongoing war in Ukraine had left the state of public finances "not where it needs to be." He said that people are 'not idiots' and will understand why the immediate tax cuts are unaffordable. Also read | Rishi Sunak vows to introduce anti-strike law as nurses begin unprecedented day-long strike for better wages As per media reports earlier this week the UK Chancellor, Jeremy Hunt, is planning to "slim down' the budget in March with no immediate tax cuts. During a Q&A session in Morecambe, Sunak said that when he was a chancellor he 'preferred it when the prime minister didn't comment on the tax policies.' Assuring people on taxes, he said, "I am a Conservative. I want to cut your taxes, of course I do, because you all work incredibly hard and I want you to keep more of your money so you can spend it on the stuff that you want to." He added, "trust me, that’s what I’m going to do for you this year, that’s what we’re going to do while I’m prime minister and if we do those things we will be able to cut your taxes." Meanwhile, when the decision not to cut taxes was revealed, things didn't go well with Conservative MPs. After Sunak's remarks, various MPs privately said that they were surprised at the language. Also read | UK: Rishi Sunak's govt overrules Scotland’s gender self-recognition bill Sunak in trouble With the ongoing discussion on tax cuts, a recent video went viral that showed the prime minister without a seat belt. Thursday's video posted on Sunka's social profiles showed the seatbeltless leader was seen speaking from the back seat of the car. Apologies for not wearing a seatbelt, but I thought that rule only applied to other people and not to us. You know, like all the other rules.#LevellingUpFundpic.twitter.com/ZzFmiHcgFL — Parody Rishi Sunak (@Parody_PM) January 19, 2023 × According to UK safety law, failing to wear a seatbelt is punishable by a fine of up to 500 pounds ($619). After the video was criticised, a spokesman for Downing Street said that Sunak "fully accepts thi was a mistake and apologises." The British Police said that they will be "looking into" the matter. (With inputs from agencies) WATCH WION LIVE HERE

'You know what happened': UK PM Rishi Sunak outlines why he cannot cut taxes, says people are 'not idiots'

<p>UK's new chancellor Jeremy Hunt, who was appointed following Kwasi Kwarteng's dismissal Friday, has told Sky News that there "were mistakes" in Liz Truss and Kwarteng's mini-budget. Hunt told the media outlet, "It was a mistake when we were going to be asking for difficult decisions across the board on tax and spending to cut the rate of tax paid by the very wealthiest."</p>

<p>He further said that the decision to "fly blind" was a mistake since the "fiscal event" was not accompanied with an economic forecast by the Office for Budget Responsibility. Financial markets witnessed a huge turmoil which experts attribute to the reason cited by Hunt.</p>

<p>Also Read |&nbsp;<a href="https://www.wionews.com/world/immersive-timeline-liz-trusss-bid-to-stay-in-power-sacks-finance-minister-kwasi-kwarteng-525586">Immersive timeline: Liz Truss's bid to stay in power</a></p>

<p>Talking on the matter of tax cuts, Hunt said, "We won't have the speed of tax cuts we were hoping for and some taxes will go up."</p>

<p>"We're going to have to take tough decisions on both spending and tax," he added.</p>

<p>Kwarteng flew into London leaving an IMF meet in Washington early and was sacked soon after Friday. Several Tory MPs have welcomed&nbsp;Hunt's appointment, while others have questioned the decision to sack Kwarteng arguing that he was just pursuing Truss's policies.</p>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/economic-turmoil-in-uk-poses-question-over-chancellor-kwasi-kwartengs-future-525461/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<p>&nbsp;</p>

<p>Prime Minister Liz Truss at a press conference dismissed calls for her resignation, saying she was "absolutely determined to see through what I have promised". She took another U-turn on the matter of taxes and said, "It is clear that parts of our mini-budget went further and faster than markets were expecting, so the way we are delivering our mission right now has to change."</p>

<p>She announced the planned rise in corporation tax from 19 per cent to 25 per cent was being scrapped, saving the exchequer £18 billion a year.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

<p>&nbsp;</p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" loading="”lazy”" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>


UK's new chancellor Jeremy Hunt, who was appointed following Kwasi Kwarteng's dismissal Friday, has told Sky News that there "were mistakes" in Liz Truss and Kwarteng's mini-budget.

UK's new chancellor Jeremy Hunt, who was appointed following Kwasi Kwarteng's dismissal Friday, has told Sky News that there "were mistakes" in Liz Truss and Kwarteng's mini-budget. Hunt told the media outlet, "It was a mistake when we were going to be asking for difficult decisions across the board on tax and spending to cut the rate of tax paid by the very wealthiest." He further said that the decision to "fly blind" was a mistake since the "fiscal event" was not accompanied with an economic forecast by the Office for Budget Responsibility. Financial markets witnessed a huge turmoil which experts attribute to the reason cited by Hunt. Also Read | Immersive timeline: Liz Truss's bid to stay in power Talking on the matter of tax cuts, Hunt said, "We won't have the speed of tax cuts we were hoping for and some taxes will go up." "We're going to have to take tough decisions on both spending and tax," he added. Kwarteng flew into London leaving an IMF meet in Washington early and was sacked soon after Friday. Several Tory MPs have welcomed Hunt's appointment, while others have questioned the decision to sack Kwarteng arguing that he was just pursuing Truss's policies. × Prime Minister Liz Truss at a press conference dismissed calls for her resignation, saying she was "absolutely determined to see through what I have promised". She took another U-turn on the matter of taxes and said, "It is clear that parts of our mini-budget went further and faster than markets were expecting, so the way we are delivering our mission right now has to change." She announced the planned rise in corporation tax from 19 per cent to 25 per cent was being scrapped, saving the exchequer £18 billion a year. (With inputs from agencies)

New UK chancellor Jeremy Hunt accepts mistakes in 'mini-budget', hints at tough decisions on tax, spending

uk-tax-cuts

Uk Tax Cuts, News on Uk Tax Cuts, stories on Uk Tax Cuts, articles on Uk Tax Cuts, Uk Tax Cuts stories at Wion, Uk Tax Cuts news, Uk Tax Cuts latest news

uk tax-cuts

'You know what happened': UK PM Rishi Sunak outlines why he cannot cut taxes, says people are 'not idiots'

New UK chancellor Jeremy Hunt accepts mistakes in 'mini-budget', hints at tough decisions on tax, spending