Hunt's Budget Will Contain Some Sweets But For Whom?
The Independent|March 13, 2023
Will Jeremy Hunt use his fiscal wiggle room to prioritise public services, the economy, or the Tory party in this week's spring Budget?
James Moore
Hunt's Budget Will Contain Some Sweets But For Whom?

Backbench MPs want tax cuts, believing they are an elixir that will magically revive a torpid economy and move Britain from the bottom to the top of the OECD league table.

As religious convictions go, it's up there with Mormonism's golden plates that the angel Moroni told Joseph Smith were buried in a hill. Except that believing in golden plates doesn't hurt anyone. The most recent prophet of freewheeling Thatcherism minus the fiscal responsibility, Liz Truss, harmed millions of Britons before going down in flames.

Along with Kwasi Kwarteng, she caused the "idiot premium" that made government borrowing more expensive, punching a hole in the public finances. She also kicked individual borrowers in the guts, especially those seeking home loans.

Hunt swept in as the Tory saviour who restored the markets' faith. He emphasised the traditional Tory virtues of prudence and fiscal responsibility. He did it again when facing the gruesome twosome of Esther McVey and Philip Davies - the poison ivy version of Richard and Judy - on their GB News show. Breathing fire and brimstone, McVey asked if he shouldn't feel "embarrassed, ashamed" to have "the highest levels of taxation in modern history"? "It's not what I want at all," insisted Hunt, before stressing the need for a "responsible approach". That's telling them!

Denne historien er fra March 13, 2023-utgaven av The Independent.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra March 13, 2023-utgaven av The Independent.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE INDEPENDENTSe alt
Private schools and unions call for pause on VAT plan
The Independent

Private schools and unions call for pause on VAT plan

An unlikely alliance of independent schools, trade unions and tax experts are heaping pressure on Rachel Reeves to delay a tax raid on private education.

time-read
2 mins  |
October 08, 2024
The election guru who put Starmer in Downing Street
The Independent

The election guru who put Starmer in Downing Street

Morgan McSweeney is set to take over the role of Sue Gray

time-read
3 mins  |
October 08, 2024
Starmer has 'completely lost grip', warn Labour grandees
The Independent

Starmer has 'completely lost grip', warn Labour grandees

MILLIE COOKE

time-read
3 mins  |
October 08, 2024
PM takes aim at 'malign' Iran - and vows never to stop selling arms to Israel
The Independent

PM takes aim at 'malign' Iran - and vows never to stop selling arms to Israel

Sir Keir Starmer used the first anniversary of Hamas’s barbaric terrorist attack on Israel to urge the international community to turn its focus on the “malign” regime in Iran.

time-read
4 mins  |
October 08, 2024
Ten-man Forest earn draw in feisty battle at the Bridge
The Independent

Ten-man Forest earn draw in feisty battle at the Bridge

Chelsea’s winning run in the Premier League was brought to an end by 10-man Nottingham Forest who battled to a 1-1 draw at Stamford Bridge to maintain their own strong start to the season.

time-read
2 mins  |
October 07, 2024
Brighton fight back to end Tottenham's winning run
The Independent

Brighton fight back to end Tottenham's winning run

Brighton scored three times in 18 second-half minutes to fight back from two goals down to stun Tottenham and claim a 3-2 win after an entertaining encounter at Amex Stadium.

time-read
2 mins  |
October 07, 2024
United's vanilla display at Villa may yet save Ten Hag
The Independent

United's vanilla display at Villa may yet save Ten Hag

Manchester United have rarely found relief in a five-game winless run but, for the second time in four days, there was some respite for the beleaguered Erik ten Hag.

time-read
3 mins  |
October 07, 2024
One day in October that we have to keep remembering
The Independent

One day in October that we have to keep remembering

Documentary maker Dan Reed's new film focuses on just one of the kibbutzim attacked on 7 October, as he explains to Guy Walters why the memory must never be allowed to fade

time-read
7 mins  |
October 07, 2024
Wreck of 'ghost ship' found off the coast of California
The Independent

Wreck of 'ghost ship' found off the coast of California

The USS Stewart was deliberately sunk on 24 May 1946

time-read
2 mins  |
October 07, 2024
'Impossible' for Beijing to rule Taiwan as motherland
The Independent

'Impossible' for Beijing to rule Taiwan as motherland

As China seeks to 'reunite' the self-governing island with the mainland, Lai Ching-te insists his country is 'independent'

time-read
2 mins  |
October 07, 2024