Hunt Warns That the End of Trussonomics Is Near as the UK Faces Tax Increases

Following weeks of upheaval brought on by his predecessor and Prime Minister Liz Truss

Chancellor of the Exchequer Jeremy Hunt warned the UK confronts difficult decisions on taxes and spending as he sought to soothe financial markets with a clear change in economic policy.

In an interview with Sky News on Saturday, Hunt predicted that "spending will not go up as much as people hope and there will be more efficiencies to uncover.

The truth of the extremely hard scenario we confront is that certain taxes will have to go up and we won't have the speed of tax reduction we're looking for.

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