cut spending, or both? i certainly think they will end up cutting taxes, they think of the chancellor find some money to cut taxes this year. find some money to cut taxes this year, whoever wins the election will effectively year, whoever wins the election will effectively undo that tax cut. they might effectively undo that tax cut. they might increase different taxes. a bit of might increase different taxes. a bit of background here. this parliament has probably been the biggest parliament has probably been the biggest tax increasing parliaments in peacetime history, so there is no question in peacetime history, so there is no question of in peacetime history, so there is no question of taxes at the end of the parliament question of taxes at the end of the parliament being higher than at the start parliament being higher than at the start a parliament being higher than at the start a lot parliament being higher than at the start. a lot of that isjust bad luck start.
Jeremy Hunt has a £100bn headache. The Chancellor may be enjoying a flood of extra tax receipts thanks to high inflation, but the corollary of that is the country’s debt interest bill is soaring.
Jeremy Hunt is celebrating inflation falling to a two-year low, giving him a boost less than a week before he delivers what could be his last Autumn Statement. Lower inflation reduces the size of Britain’s debt interest bill because of the country’s inflation-linked bonds.