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chancellor, what are you going to do about the turmoil in the markets this morning, sir? a tax cutting mini budget caused chaos. i won t make any comment now. the government s budget watchdog worried about inflation. it warned of a big drop in living standards over the next two years, the sharpest since records began. last month the chancellor said it wasn t time for tax cuts. we must grow the economy, be more efficient in how we spend money, then we can start to bring down taxes. now, though, jeremy hunt thinks things are changing. price rises are slowing. the bank of england s interest rate hikes have seen to that, and we are year, perhaps less, from an election so his priorities are shifting, he is now considering tax reductions. i will only do so in a responsible way. i m not going to sacrifice the progress we ve made bringing down inflation. if you re saying today, i m not going to do anything that will fuel inflation, our viewers can hear you pretty clearly hinting th
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