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,