UK’s Hunt Warns Limited Room for Tax Cuts in March Budget
- Chancellor speaks after Bloomberg report earlier Wednesday
- Fiscal watchdog OBR warned Hunt of less scope for cuts
Jeremy Hunt
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Chancellor of the Exchequer Jeremy Hunt warned he has limited room for tax cuts in his upcoming budget, after Bloomberg reported the UK’s fiscal watchdog presented the Treasury with constraining numbers this week.
“As things stand at the moment — things can change — it doesn’t look like I’ll have the kind of room that I had for those very big tax cuts in the autumn,” Hunt told ITV’s Peston on Wednesday, adding he had told Cabinet ministers.