Hunt Heralds ‘Path’ to Lower Tax Amid Tax Cut Speculation

The chancellor said the time has come to start planning for a post-inflation economy, but declined to confirm whether cuts can be expected this week.

Chancellor of the Exchequer Jeremy Hunt departs 11 Downing Street in London on Sept. 13, 2023. Aaron Chown/PA

Chancellor Jeremy Hunt said he will take the “path” to reducing the tax burden while remaining tight-lipped on whether any cuts will be included on Wednesday in the autumn budget.

Mr. Hunt declined to comment on media reports that he’s mulling a slash of inheritance tax but said he is “personally uncomfortable” with the tax burden, which is at 35.45 percent, the highest level in over 70 years.