Tax & Spend
UK’s Hunt to Pursue ‘Smart Tax Cuts’ in Next Week’s Budget
- Chancellor sets goal in address to One Nation Conservatives
- Seen having very limited headroom on his fiscal targets
Jeremy Hunt
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
UK Chancellor Jeremy Hunt told colleagues in the Conservative Party that next week’s Spring Budget will see him pursue “smart tax cuts” that drive growth and reward work.
Addressing a group known as the One Nation Conservatives at a private meeting Monday night, Hunt said the fiscal giveaways wouldn’t be on the same scale as in last November’s Autumn Statement, which saw cuts to taxes on work and the permanent extension of a program allowing businesses to offset the cost of investment against their tax bill.