Hunt hints at tax cuts ahead of Budget

Chancellor Jeremy Hunt has said he wants to move towards lower taxes, but will only do so in "a responsible way". "We've been very consistent, that we would only cut taxes in a way that was responsible and prudent," he said. Mr Hunt has repeatedly hinted that he wants to reduce taxes further in the Budget but in recent weeks he has suggested there is likely to be less scope for this than he had hoped. Labour's shadow chief secretary to the Treasury Darren Jones said: "The chancellor says he wants to cut taxes, but it is the Tories who have raised taxes to their highest level in 70 years."No matter what the chancellor does in the Budget this week, working people will be worse off thanks to 14 years of Tory failure. Paul Johnson, director of the Institute for Fiscal Studies think tank, told the BBC that any tax cut in the Budget was "likely to be undone after the next election, whoever wins".

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