Chancellor plots tax cut to boost businesses With analysis suggesting that the Chancellor has more fiscal headroom that previously calculated, Jeremy Hunt is reportedly considering extending a tax break for businesses in the Autumn Statement. In a bid to stimulate economic growth, the Chancellor is expected to extend the 'full expensing' capital allowance scheme, which lets businesses claim back the costs of investment in IT equipment and machinery. Mr Hunt is said to be considering either extending the regime beyond the 2026 deadline or a permanent change, with a 12-month extension thought to be the most likely option. While the full expensing policy is set to offer a boost to businesses, the Chancellor will reject calls to extend the freeze on business rates. Meanwhile, it has also been suggested that Mr Hunt is mulling the possibility of cuts to inheritance tax and stamp duty. These, however, will be pushed back to next spring's Budget if they are deemed unaffordable.