Ten Things You Need to Know Today: 28 October 2021

The Week’s daily digest of the news agenda, published at 8am

1. Sunak plans to cut taxes

Rishi Sunak has told Conservative MPs that he plans to cut taxes before the next general election, according to The Guardian. Just hours after delivering his third budget, the chancellor told Tory backbenchers: “I won’t mince words with you... it is my view that going forward every marginal pound we have should be put into lowering people’s taxes, not more spending.” Following the budget, Simon Clarke, chief secretary to the Treasury, told the BBC that there has been a “philosophical shift” in conservatism after a budget in which Sunak increased taxes to levels not seen in 40 years.

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