The Chancellor insisted it is ‘not just going to be bad news’ on Thursday.
Jeremy Hunt has said everyone will need to pay “a bit more tax” after next week’s budget as he warned “sacrifices” are required across the board to get the economy back on track.
He acknowledged during a round of broadcast interviews on Sunday that everybody will see a greater burden going forward. “This will be a plan to help bring down inflation, help control high energy prices and also get our way back to growing healthily, which is what we need so much.” He told Times Radio he wants to make any potential recession as “painless” as possible, after GDP shrank by 0.2% between July and September.
Simon Clarke, who was secretary of state for levelling up, housing and communities during Liz Truss’s short tenure in No 10, called for the books to be balanced through spending cuts rather than tax rises.Speaking to Sky’s Sophy Ridge, the former senior Treasury minister added that he still supported Ms Truss’s pro-growth agenda, but said he believed she had been going to release a spending review at the same time as her mini-budget, and it was his “lasting regret” that she had not done so.
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