Hunt Says Lower UK Debt Interest May Give Room for Tax Cuts
- Chancellor tells Bloomberg there’s work to do to cut inflation
- UK Tories trail Labour heading into likely election year
Jeremy Hunt in Bern, on Dec. 21.
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
UK Chancellor of the Exchequer Jeremy Hunt suggested falling debt interest costs may give him the headroom to deliver tax cuts at his budget in the spring, boosting the governing Conservative Party in what’s likely to be an election year.
The government plans to “cut the tax burden if we are able to,” Hunt said on Wednesday in a Bloomberg Television interview. Nevertheless, he added that he will not know what is possible until he sees new Office for Budget Responsibility forecasts next year.