Jeremy Hunt says taxes will rise as he gets 'clean slate' on disastrous mini-budget
New chancellor Jeremy Hunt has warned that taxes will rise as he gets a 'clean slate' on the disastrous mini-budget that triggered weeks of market turmoil.
“It was a mistake to fly blind and to do these forecasts without giving people the confidence of the Office of Budget Responsibility saying that the sums add up. The Prime Minister’s recognised that, that’s why I’m here.” He said: “Spending will not rise by as much as people would like and all Government departments are going to have to find more efficiencies than they were planning to.
The new chancellor admitted there would be “difficult decisions ahead”. He said: “The last few weeks have been very tough but the context of course is coming out of a pandemic and a cost-of-living crisis.
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