Mr Hunt said the move could save £1 billion a year and indicated that improving publicsector productivity could allow him to reduce the tax burden.
Although he ruled out sizeable tax cuts this year, he left open the door to the possibility of a pre-election giveaway in 2024.
In an indication of the pressure on Mr Hunt to reduce taxes, former prime minister Liz Truss addressed a packed meeting with a call to slash corporation tax and cut red tape.
A year on from her short-lived premiership, the size of the crowd gathered at the fringe meeting showed Ms Truss still had appeal among the party members who backed her over Mr Sunak in 2022.
This story is from the October 03, 2023 edition of The Herald.
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This story is from the October 03, 2023 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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