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Ashley Webb, a former Treasury expert now working as an economist at Capital Economics, has now said he would be \u201csurprised\u201d if the Chancellor doesn\u2019t find \u201cwriggle room for tax cuts and\/or spending rises\u201d in next March\u2019s budget.<\/p>\n
He said: \u201cAugust\u2019s public finances figures continued the recent run of better than expected news on the fiscal position\u2026 [which would give the Chancellor] a bit more wriggle room for pre-election giveaways.\u201d<\/p>\n
He added that spending rises or tax cuts in March\u2019s budget \u201cwould give the Bank of England another reason to keep interest rates at their peak for longer than the [US] Fed and the European Central Bank\u201d.<\/p>\n
This morning Mr Hunt warned Brits to continue being cautious, despite the week\u2019s good inflation and interest rates news.<\/p>\n
Don’t miss… <\/strong> We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info<\/p>\n He told journalists: \u201cThese numbers show why after helping families in the pandemic we now need to balance the books.<\/p>\n \u201cNow is the time to see the job through. We are on track to halve inflation this year and sticking to our plan is the only way to bring interest and mortgage rates down.\u201d\u00a0<\/p>\n The Chancellor will hold his Autumn Statement on November 22, with one MP telling the Express they expected only \u201cmoderate excitement\u201d when Mr Hunt stands to deliver the speech.<\/p>\n Another senior low-tax Tory MP said they would be pushing for income tax cuts, but mainly as a way of winning concessions on their other desire for improved family tax rates.<\/p>\n They added that expectations are \u201cpretty low\u201d.<\/p>\n Speaking to the Express last month, low-tax Tories said they would be pushing for reforms to energy grid connectivity, exactly what was announced by Rishi Sunak in yesterday\u2019s net zero speech.<\/p>\n
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‘Step out of London!’ Kemi Badenoch erupts at Sky host’s ‘ludicrous’ claim[WATCH] <\/strong><\/p>\n![](\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/139\/590x\/secondary\/4971056.jpg?r=1695303025488\")
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