We need to make difficult decisions, says Chancellor Jeremy Hunt
Difficult decisions will be needed "across the board" on tax and spending, the new chancellor has said.He said two mistakes were made in the mini-budget by Kwasi Kwarteng - cutting the top rate of tax and announcing it without an independent forecast.Mr Hunt said he agreed with the prime minister's goal of "solving the growth paradox", but added: "The way we went about it clearly wasn't right and that's why I'm sitting here now.
He told BBC Breakfast he was "not going to make any commitments" and reiterated he was just hours into the job. He said he hoped to keep the 1% cut to the basic rate of income tax, but that no decisions had yet been madeHe is asking government departments to find "efficiencies", meaning possible cuts to spending
Addressing mistakes he said were made by the ex-chancellor, Mr Hunt said: "There were two mistakes - it was wrong to cut the top rate of tax for the very highest earners at a time where we're going to have to be asking for sacrifices from everyone to get through a very difficult period. Asked whether there should be a general election, Mr Hunt told the BBC: "What the country wants now is stability.
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