UK DESK: Difficult decisions will be needed “across the board” on tax and spending, the new chancellor has said.
Jeremy Hunt told the BBC that some taxes will go up, while government spending may need to fall.
He said he had a clean slate after Prime Minister Liz Truss sacked Kwasi Kwarteng and announced another mini-budget U-turn on a dramatic day.
Cutting the top rate of tax and not independently costing measures were mistakes being “put right”, he added.
Less than 24 hours into his new role, Mr Hunt was signalling a big shift away from the economic policies of his predecessor and Ms Truss.
