• Finance Minister Jeremy Hunt said it will be vital to retain the strict approach of his Nov budget.
• The new budget plan included a number of tax increases and reduced government spending.
• On March 15, he must produce a budget.

According to Prime Minister Rishi Sunak’s office, following a Cabinet meeting on Thursday, British Finance Minister Jeremy Hunt stated that it will be vital to retain the strict approach of his November budget in order to help cut inflation.

Hunt released a budget plan in November that included a number of tax increases and reduced government spending. On March 15, he must produce a budget.

“The Prime Minister and (Hunt) emphasized that the rate of inflation is only predicted to fall because of the tough decisions the Government had taken at the autumn statement to stabilize the economy,” Sunak’s office said.

“(Hunt) said it would be necessary to retain this disciplined approach in order to reduce inflation because it is the greatest driver of the cost of living.”

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