Jeremy Hunt ‘considering spending cuts’ to fund pre-election tax giveaway

Jeremy Hunt’s decision depends on how much fiscal headroom the Office for Budget Responsibility gives him. Photograph: Frank Augstein/AP

Jeremy Hunt is considering making billions of pounds of spending cuts to fund pre-election tax cuts in the next budget, according to a report.

The chancellor is looking at “further spending restraint” after 2025 if official economic forecasts suggest he does not have enough headroom to pay for “smart tax cuts”, the Financial Times reported, citing Treasury insiders.