With poll after poll showing the Conservatives losing heavily to the main opposition Labour Party in a general election, the government hopes putting more money in people's pockets during a cost-of-living crisis would boost the Conservative Party's dire ratings.
Hunt is set to announce a cut in national insurance tax by 2 percentage points, to 8%, and there is speculation about a 1% reduction in the basic rate of income tax. These cuts would be financed by appropriate cost-saving measures.
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