UK Chancellor Hunt rumored to be preparing a 2P cut to the basic rate of income tax

UK Chancellor of the Exchequer Hunt (according to government insiders as reported by the FT) is said to be considering a two peak To the basic rate of income tax.

• Income tax would cost 14B per year but to be funded by cutting future public spending plans
• Hunt is also expected to extend for an additional year, the 5P fuel duty cut