Hunt Set to Extend UK Business Tax Break in Bid to Lift Growth

Hunt wants to prolong the so-called “full-expensing” policy, which gives firms 100% tax relief on capital spending, beyond its expected expiration date in the 2025-26 fiscal year. The chancellor is waiting for final forecasts from the Office for Budget Responsibility before making a decision on the length of the extension, according one of the people, who asked not to be named while discussing internal deliberations.

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