Rishi Sunak and Jeremy Hunt to shun tax cuts at March budget despite £11bn energy windfall

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City AM

By Jack Barnett Jeremy Hunt and Rishi Sunak will hold fire on tax cuts at the 15 March budget despite being handed an around £11bn windfall from international energy prices falling to pre-Russia-Ukraine war levels, according to top economists’ predictions gathered by City A.M. Brits will have to wait until the run up to the next general election, which has to happen before January 2025, for the taxman to put money back in their pockets, experts reckon. A stalling UK economy, compounded by inflation soaring to a multi-decade and the government’s debt interest bill swelling due to the Bank of En…

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