UK's Hunt: I'd love to lower taxes before election but cuts are inflationary

British finance minister Jeremy Hunt said on Tuesday he "would love" to lower taxes in the run-up to a national election expected next year, but added that any tax cut at the moment would be inflationary. "Obviously, in the run up to an election, I would love to do a tax cut that ordinary people felt," Hunt said at the annual conference of the governing Conservative Party in Manchester.

British finance minister Jeremy Hunt said on Tuesday he "would love" to lower taxes in the run-up to a national election expected next year, but added that any tax cut at the moment would be inflationary.

"Obviously, in the run up to an election, I would love to do a tax cut that ordinary people felt," Hunt said at the annual conference of the governing Conservative Party in Manchester. "At the moment, we're not in a position to have that discussion ... because any tax cut would be inflationary.

"It would be absolutely crazy to give people money with a tax cut in one hand and then for them to see all that money taken away by inflation going back up."

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