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Chancellor’s tax cut opens door to early election – and sets a trap for Labour

With Jeremy Hunt spending most of his headroom, the next government will be in the tricky position of having to raise taxes or squeeze the public sector

  • Autumn statement 2023: key points at a glance
  • UK politics live – latest updates

It was an autumn statement that fired the starting gun on election-friendly tax policies, fuelling speculation that Rishi Sunak was leaving his options open for going to the polls in late spring next year.

Out went the politically divisive idea of a cut to inheritance tax for the wealthiest, and in came a speech with broader electoral appeal: a cut to national insurance and a large increase to state pensions.

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