Jeremy Hunt has said everyone is going to be paying higher taxes but those who earn the most will have to make larger sacrifices.
The chancellor told the Sophy Ridge on Sunday programme during Thursday’s autumn statement he “will be asking everyone for sacrifices” but recognises there is “only so much we can ask” from people on the lowest incomes.
“That will be reflected in the decisions that I take, that’s important because Britain is a decent country, a fair country, a compassionate country,” Mr Hunt said.
“We’re all going to be paying a bit more tax, I’m afraid.”
Ministers are understood to be considering lowering the threshold at which employees pay the highest 45p rate of income tax from £150,000 to £125,000, the Sunday Telegraph reports.
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