Article 64W5H Hunt’s expected austerity drive – where will the axe fall?

Hunt’s expected austerity drive – where will the axe fall?

by
Richard Partington Economics correspondent
from on (#64W5H)

Rebellious backbenchers, underfunding and previous pledges mean there are no easy options for the new chancellor

Jeremy Hunt has warned that decisions of eye-watering difficulty", including cuts to public spending, will be required to repair the damage to the government's finances after the failed mini-budget.

After his screeching U-turn to scrap the unfunded tax promises made by his predecessor, Kwasi Kwarteng, expectations are rising that the chancellor will kickstart a renewed austerity drive as part of debt-cutting plans due to be announced on 31 October.

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