Mr Hunt was one of Rishi Sunak's most prominent supporters during the Tory leadership campaign in the summer after he was knocked out of the running himself
on Friday after just 38 days following a disastrous mini-budget announcement, which resulted in economic turmoil and subsequent U-turns.He firstly U-turned on getting rid of the 45p rate of income tax for higher earners and the government then U-turned on freezing corporation tax at 19% so it will rise to 25% in April.
In July, Mr Hunt told Sky News cutting corporation tax was"not sexy, but necessary" as he backed plans to reverse the planned rises. "I'm someone who doesn't just think that we stop the corporation tax rises, I think we should cut them so that they're the lowest in Europe and North America," Mr Hunt said.
"No Conservative should promise unfunded tax cuts. Because an unfunded tax cut is just an increase in borrowing that's paid for by future generations."
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