"Jeremy Hunt's Plan to Break the 'Vicious Circle' of Tax Rises and Welfare Demands"
Chancellor Jeremy Hunt wants to break the "vicious circle of ever-rising taxes" by reforming public services and the benefits system, but has ruled out tax cuts in the short term. Some senior Tories, including Liz Truss and Priti Patel, have called for tax cuts ahead of the Conservative Party conference. A report by the Institute for Fiscal Studies (IFS) revealed that tax levels in the UK are currently at their highest point in 70 years, with taxes forecasted to increase by 37% by the next general election.