‘Ridiculous’ to blame OBR for Budget mess, says Hunt
Update: 2025-10-29
Description
Former Tory chancellor Jeremy Hunt blames Labour's tax increases for current economic woes, as Downing Street faces backlash over an upcoming productivity downgrade from the OBR. Rachel Reeves, the Chancellor, is set to face a potential shortfall of up to thirty-five billion pounds in the next Budget. Economists warn that the lack of fiscal wiggle room, due to shrinking buffers started by Hunt and continued by Reeves, is causing uncertainty and anxiety among businesses, leading to a free fall in business activity. The business sector is already burdened with a twenty-five year high tax burden, and the risk of further tax rises is adding to the pressure.
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