News > U.K. must raise taxes and cut spending, Jeremy Hunt says ahead of budget

U.K. must raise taxes and cut spending, Jeremy Hunt says ahead of budget

Britain’s Finance Minister Jeremy Hunt said he will set out tax rises and spending cuts this week to show Britain can fix its public finances and restore its economic credibility after financial market chaos sparked by former Prime Minister Liz Truss. "You don't want to do things that make any recession that you may be in worse," Mr. Hunt told