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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