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Wednesday, May 13, 2026

Zahawi Offers UK Tax Cuts If Departments Cut Costs by 20% (2) - Bloomberg Tax

Chancellor of the Exchequer Nadhim Zahawi, who is standing to be Conservative leader and prime minister, pledged tax cuts if UK government departments can reduce spending by 20%.

“That’s what I want to make sure we get to,” Zahawi told Sky News on Monday when asked if he wants 20% cuts in every government department. “That will give me the headroom for tax cuts.”

Zahawi didn’t given a time frame for his plans, and a spokesman later said the chancellor was talking about reducing civil service headcount by 20% -- a plan announced by Prime Minister Boris Johnson -- ...



Read Full Story: https://news.bloombergtax.com/daily-tax-report/zahawi-says-uk-government-depa...