Jeremy Hunt says significant tax cuts in Budget unlikely

Jeremy Hunt has warned it is "Unlikely" that there will be room for any "Significant" tax cuts in the Budget. Mr Hunt said that a pledge to halve the rate of inflation "Is the best tax cut right now". Mr Hunt said: "The biggest tax cut that we can give the British people is to halve inflation, that means the value of their weekly shop won't continue to go up, the value of their pay packet won't continue to be eroded and that's what we are focused on." The Institute of Directors suggested Mr Hunt add a fifth E for "Empty" after not issuing concrete plans in his first major speech since becoming chancellor three months ago. Mr Hunt said the government planned to achieve growth in multiple sectors across the UK, including digital technology, green industries, life sciences, advanced manufacturing and creative industries.

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