"Jeremy Hunt Contemplates Spending Cuts to Finance Tax Reductions Amid Recession"
TL;DR Summary
Chancellor Jeremy Hunt is considering larger public spending cuts to fund tax cuts after seeing bleaker economic forecasts, with interest costs on government borrowing rising. The UK economy has slipped into recession, and inflation remains double the Bank of England's target. Hunt has hinted at further tax cuts in the upcoming Spring Budget, but economists and forecasters have criticized the idea, warning that tax cuts today could lead to tax rises or spending cuts in the future.
- Jeremy Hunt considers reducing spending to fund tax cuts BBC.com
- Recession leaves Jeremy Hunt with less room to cut tax in budget The Times
- Jeremy Hunt ‘considering spending cuts’ to fund pre-election tax giveaway The Guardian
- Jeremy Hunt scales back tax cuts as UK slips into recession The Telegraph
- Hunt explores fresh squeeze on public spending to fund tax cuts Financial Times
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