Hunt Considers UK Public Spending Squeeze to Fund Tax Giveaways
- Chancellor is exploring fresh spending cuts in March 6 Budget
- Pressure from Tory colleagues to offer pre-election tax cuts
Jeremy Hunt
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UK Chancellor of the Exchequer Jeremy Hunt is considering cuts to public spending to make room for voter-friendly tax giveaways in his spring Budget, as the governing Conservative Party seeks a boost ahead of a general election expected later this year.
Reducing public spending is one option being examined by Hunt amid growing concern in the Treasury that he could have limited funds available for his fiscal event on March 6, according to a person familiar with the matter.