Chancellor Javid to ‘simplify’ the tax system in autumn budget
Read more: Javid unveils extra £2bn to turn charge no-deal Brexit preparations He revealed he plans to set out government spending plans for the next financial year in the “first half” of September, but there would be a more comprehensive review of taxation and spending in his first annual budget, which could still come before Britain leaves the EU on 31 October. “I think taxes should be efficient,” Javid said, adding that he wouldn’t reveal exact plans until the budget. 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The chancellor added that he wanted a “simpler” tax system and that while he wants to maximise revenue, it “doesn’t always mean that you have to have the highest tax rate possible”. When questioned about Prime Minister Boris Johnson’s plans to raise the higher rate of income tax from the current threshold of £50,000 to £80,000, Javid said: “Generally I want to see lower taxes, but at a level that is going to pay for the public services.” whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBill CruncherArizona Drivers With No DUI’s Getting A Pay Day This Month (Check If You Qualify)Bill CruncherTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmStuff AnsweredBest Mattress Deals for Seniors 2020Stuff AnsweredElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarNational Injury BureauJury Finds Roundup Responsible For Lymphoma | Bayer To Pay $10 BillionNational Injury BureauProFind Bath Bathroom Renovation Quotes1 Day Shower Installation: How Much Does it Cost?ProFind Bath Bathroom Renovation QuotesFinance DailyHomeowners Born Before 1985 Can Get This Huge Benefit in June (But You Must Request It)Finance DailyLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthSenior Cars | Search AdsThe Best SUVs for Seniors (The Price Might Surprise You)Senior Cars | Search Ads However Javid did say he would stick to the existing budget guidelines, which see annual borrowing kept to under 2 per cent of gross domestic product. Chancellor Javid to ‘simplify’ the tax system in autumn budget Chancellor Sajid Javid has suggested he will simplify the tax system when he sets out his first budget in the autumn. Share Javid said he was a “low tax guy” and that it was important to “always be thinking about the lowest paid” in his first interview since taking on the role, speaking to The Times. Michael Searles Britain’s Chancellor of the Exchequer Sajid Javid leaves 11 Downing Street in London on August 13, 2019 after a meeting with US National Security Advisor John Bolton. – US National Security Advisor John Bolton said Monday that Washington wanted “to move very quickly” on a trade deal with Britain after it leaves the EU, and that the White House would wait until after Brexit to address various security concerns. (Photo by Tolga AKMEN / AFP) (Photo credit should read TOLGA AKMEN/AFP/Getty Images) “When we have the budget, I will be thinking about whether we need to make any changes to the fiscal rules,” he said. Another change he is considering is with regards to the government’s current long-term plan of eliminating the deficit by the mid 2020s. Saturday 17 August 2019 8:54 am “It is obvious to me that when you’ve got some of the lowest rates on government debt this country has ever seen I wouldn’t be doing my job if I wasn’t thinking seriously about how do we use [that opportunity],” he said. whatsapp Read more: Corbyn fails to drum up support for plan to block no-deal Brexit Javid also added that a no-deal Brexit would “require a significant economic package as a response”, but did not give details on what that would like.