Chancellor defends keeping tax status as he warns of ‘challenging times’ and suggests Brexit has affected economy
Autumn statement 2022: what it means for you
Jeremy Hunt has defended resisting moves to force super-rich people who live in the UK but pay no tax on their offshore income to shoulder more of the burden, as he warned of a “challenging” two years ahead for households.
After a frosty reception to his plan in the autumn statement to drag 6 million people into higher tax rates while the UK plunges into recession, the chancellor said the strain could not fall on only “a very small group of very rich people”.