Jeremy Hunt ‘planning a slimmed-down spring budget with no tax cuts’

Exclusive: Treasury sources say chancellor is resisting pressure from MPs who want taxes to start falling well before next election

Jeremy Hunt is planning a slimmed down" spring budget with no immediate tax cuts as the Conservatives press ahead with attempts to win back economic credibility after the damage inflicted by the Truss administration.

Treasury insiders told the Guardian the chancellor was not expected to announce any tax cuts in his fiscal statement this March as his focus was wholly on getting the economy back on a steady footing and the public finances were tight.