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Chancellor of the Exchequer <-bsp-person state=”{“_id”:”0000018b-becc-d992-a1df-befefc030000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Jeremy Hunt-bsp-person> is set to extend a major tax break for businesses in his upcoming fiscal plan, according to people familiar with the matter, part of an effort to spur investment and boost the stagnant British economy.
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 …
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