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Evening Standard
Evening Standard
World
David Bond

Jeremy Hunt warned ‘deteriorating’ public finances will limit plans to offer Budget tax cuts

Jeremy Hunt Tax Cuts

Jeremy Hunt has been facing calls from Tory MPs to cut taxes to boost growth

(Picture: REUTERS)

Economists on Tuesday warned Chancellor Jeremy Hunt that the “deteriorating” public finances will limit any plans to offer significant tax cuts in his Budget in March.

Government borrowing hit a far higher than expected £27.4 billion last month, jumping by £16.7 billion year-on-year and marking the highest monthly figure for December borrowing since records began in 1993.

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