Ripon MP Julian Smith says ‘huge tax cut’ is ‘wrong’

Skipton and Ripon MP Julian Smith has described his own government’s decision to make swingeing tax cuts as “wrong”.

Chancellor Kwasi Kwarteng announced the biggest package of tax cuts in 50 years in his mini-budget yesterday.

He said the UK economy was entering a “new era” and the measures would stimulate growth.

Paul Johnson, director of the Institute for Fiscal Studies, said those with incomes in excess of £1 million will gain more than £40,000 a year each and that the overall measures didn’t include “even a semblance of an effort to make the public finance numbers add up”.

Mr Smith, who supported Rishi Sunak’s failed Conservative leadership bid, also expressed concerns on Twitter:

“In a statement with many positive enterprise measures this huge tax cut for the very rich at a time of national crisis and real fear and anxiety amongst low income workers and citizens is wrong.”

In a statement with many positive enterprise measures this huge tax cut for the very rich at a time of national crisis & real fear & anxiety amongst low income workers & citizens is wrong. https://t.co/EeRfAcNGzf

— Julian Smith MP (@JulianSmithUK) September 23, 2022

However, Andrew Jones, the Conservative MP for Harrogate and Knaresborough who also supported Mr Sunak, welcomed this week’s government measures.

Writing on his Community News website yesterday, Mr Jones said:

“I am pleased with the extra support for households and businesses with fuel bills through the energy price guarantee and also today’s surprise announcement of the reduction in the basic rate of income tax down to 19 per cent.

“There are a huge number of measures, many focused on our productivity and investment which are the platforms for future growth. So, plenty to be positive about here in Harrogate and Knaresborough.”

Read more: