U.K. Lawmakers Approve Budget Tax Cuts as Focus Turns to Brexit
Philip Hammond holds the dispatch box containing the budget outside 11 Downing Street in London on Oct. 29.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
U.K. lawmakers approved government plans to bring forward cuts to income tax and other changes to taxation announced Monday by Chancellor of the Exchequer Philip Hammond in his budget statement.
Members of Parliament voted in favor of the government’s budget resolutions, which allow 80 tax measures to take effect immediately. It paves the way for the government’s Finance Bill to being its passage through Parliament to make the changes permanent.