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The Guardian - UK
The Guardian - UK
National
Larry Elliott Economics editor

Jeremy Hunt’s budget is a tough sell – except to the top 1%

The chancellor, Jeremy Hunt, faces Phillip Schofield and Holly Willoughby on ITV’s This Morning programme on Thursday.
The chancellor, Jeremy Hunt, faces Phillip Schofield and Holly Willoughby on ITV’s This Morning programme on Thursday. Photograph: Ken McKay/ITV/Rex/Shutterstock

As an advertising slogan, “pay more get less” has limited appeal and so Jeremy Hunt was keen to focus on other aspects of his budget as he did the customary tour of the TV and radio studios to explain the reasons behind his tax and spending decisions.

Two of Britain’s leading thinktanks felt no need for such reticence, the Resolution Foundation and the Institute for Fiscal Studies instead used their post-budget analysis to highlight that families were paying more in tax but getting less back from the state in return.

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