UK Chancellor of the Exchequer Jeremy Hunt says the federal government cannot afford to chop taxes in the intervening time. “We do not have that headroom as a result of, in actual fact, for the reason that Spring funds, our debt curiosity funds have gone up as a result of the markets are pricing in long-term debt costlier than they did,” Hunt stated in an interview with Bloomberg’s Lizzy Burden. Talking on the sidelines of the Conservative Social gathering’s annual convention in Manchester, Hunt additionally feedback on inflation and the UK’s flagship HS2 high-speed rail mission.
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