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UK Treasury chief signals tax cuts and a squeeze on welfare benefits are on the way

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U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling
Britain’s Chancellor of the Exchequer Jeremy Hunt poses for the media as he leaves 11 Downing Street for the House of Commons to deliver the Budget In London, Wednesday, March 15, 2023. U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling, but that any cuts will come along with a squeeze on welfare benefits. (AP Photo/Frank Augstein, File)
FILE – Britain’s Chancellor of the Exchequer Jeremy Hunt poses for the media as he leaves 11 Downing Street for the House of Commons to deliver the Budget In London, Wednesday, March 15, 2023. U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling, but that any cuts will come along with a squeeze on welfare benefits. (AP Photo/Frank Augstein, File)
FILE – Britain’s Chancellor of the Exchequer Jeremy Hunt poses for the media as he leaves 11 Downing Street for the House of Commons to deliver the Budget In London, Wednesday, March 15, 2023. U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling, but that any cuts will come along with a squeeze on welfare benefits. (AP Photo/Frank Augstein, File)
FILE – Britain’s Chancellor of the Exchequer Jeremy Hunt poses for the media as he leaves 11 Downing Street for the House of Commons to deliver the Budget In London, Wednesday, March 15, 2023.

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