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https://www.wsj.com/articles/u-k-chancellor-warns-taxes-will-stay-high-as-inflation-bites-f9e93c47

U.K. Chancellor Warns Taxes Will Stay High as Inflation Bites

Britain, like the rest of the West, is struggling with public spending that is outstripping growth

By Max Colchester
 and David Luhnow
Chancellor of the Exchequer Jeremy Hunt speaks at The Wall Street Journal’s CEO Council Summit in London about battling stubborn food-inflation costs in the country.

LONDON—U.K. Chancellor of the Exchequer Jeremy Hunt ruled out tax cuts in the near future as Britain grapples with decades-high rates of inflation, rising interest rates and slow growth that looks set to crimp government finances for years to come. 

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.