Jeremy Hunt says tax cuts will only come ‘when the time is right’

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Chancellor’s speech aimed to temper Tory backbenchers’ expectations before the budget as he blamed UK’s woes on ‘economic headwinds’

Jeremy Hunt has signalled tax cuts will only come “when the time is right” and be matched by “spending restraint”, as he sought to temper restive Conservative backbenchers’ expectations ahead of the budget in March.

However, the chancellor hoped to inject what he said was much-needed optimism about the country’s future, saying he wanted Britain to “have nothing less than the most competitive tax regime of any major country”.

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