![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/rishi-sunak-latest-news-hunt-says-uk-must-grip-inflation-and-balance-books-as-he-prepares-tax-rises-and-spending-cuts/&media=https://uknews.evprotec.com/wp-content/uploads/2022/11/TELEMMGLPICT000315782786_1_trans_NvBQzQNjv4BqA7N2CxnJWnYI3tCbVBgu9T0aesusvN1TE7a0ddd_esI.jpeg&description=Jeremy Hunt has warned there is a a "tough road ahead" for the UK and he will be making "extremely difficult decisions" at the Autumn Statement as he tries to stabilise the public finances. The Chancellor said the Government's priorities are to "grip inflation, balance the books and get debt falling" as he argued: "There is no other way." Mr Hunt laid the groundwork for spending cuts and tax rises on November 17 as he responded to official figures published this morning which showed the UK economy shrank in the third quarter of 2022. Data published by the Office for National Statistics revealed UK GDP fell by 0.2 per cent between July and September, triggering fears that the country is now sliding towards a recession. Mr Hunt said: "I am under no illusion that there is a tough road ahead – one which will require extremely difficult decisions to restore confidence and economic stability. But to achieve long-term, sustainable growth, we need to grip inflation, balance the books and get debt falling. There is no other way."While the world economy faces extreme turbulence, the fundamental resilience of the British economy is cause for optimism in the long run."){kind=link}
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Jeremy Hunt has warned there is a a “tough road ahead” for the UK and he will be making “extremely difficult decisions” at the Autumn Statement as he tries to stabilise the public finances.
The Chancellor said the Government’s priorities are to “grip inflation, balance the books and get debt falling” as he argued: “There is no other way.”
Mr Hunt laid the groundwork for spending cuts and tax rises on November 17 as he responded to official figures published this morning which showed the UK economy shrank in the third quarter of 2022.
Data published by the Office for National Statistics revealed UK GDP fell by 0.2 per cent between July and September, triggering fears that the country is now sliding towards a recession.