Tax cuts before next election will require sacrifices elsewhere, Sunak told

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Plans for tax cuts before the next election will need to come from reductions in public spending or from extra borrowing, the government's independent forecasting unit has told the chancellor.

With Britain's growth rate expected to decline to below 2% a year from 2023, hitting government income, Rishi Sunak will face voters without the spare cash needed for tax cuts - unless sacrifices are made in other areas.