Jeremy Hunt warns of ‘difficult decisions’ ahead as public finances worsen
by Larry Elliott in Marrakech from on (#6FHK4)
Chancellor rules out tax rises and vows to cut spending in autumn statement as borrowing rises up to 30bn more than forecast
The chancellor, Jeremy Hunt, has warned that the government will need to take difficult decisions" in next month's autumn statement after a sharp worsening of the public finances over the past six months.
Hunt said state borrowing was on course to be 20bn to 30bn higher than predicted at the time of the budget in March - wiping out what little room he had to cut taxes.
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