Business Standard

Dominant Jeremy Hunt refuses to rule out new U-turn on Truss taxes

Hunt declined to rule out delaying by a year the prime minister's plan to cut the basic rate of income tax, a move that would amount to another U-turn on a key plank of Truss's "mini-budget."

Chancellor of the Exchequer Jeremy Hunt
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Chancellor of the Exchequer Jeremy Hunt

Kitty Donaldson | Bloomberg
Chancellor of the Exchequer Jeremy Hunt said nothing is “off the table” when asked if he will abandon more of Prime Minister Liz Truss’s tax-cut plans, confirming that his is now the leading government voice on UK fiscal policy. 
 
Hunt declined to rule out delaying by a year the prime minister’s plan to cut the basic rate of income tax, a move that would amount to another U-turn on a key plank of Truss’s “mini-budget.” A delay could save £5 billion ($6 billion), according to a report in the Sunday Times.
 
On Friday, having already reversed two planned tax cuts,

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