Chancellor says welfare reforms and AI could help end ‘ever-rising taxes’

Jeremy Hunt is under pressure from Conservative MPs to announce tax cuts ahead of the next election. | ITV National News

Chancellor Jeremy Hunt has said welfare reforms and the integration of artificial intelligence into the public sector could be the way to end the “vicious circle of ever-rising taxes”.

The Conservative Party is due to gather in Manchester on Sunday for the start of its annual autumn conference, with Tory grandees clamouring for tax cuts.Chancellor Jeremy Hunt Liz Truss, Prime Minister Rishi Sunak’s short-lived predecessor — who is expected to speak out in Manchester against the current taxation levels — said high taxes were the cause of the UK’s “stagnating” economy.

Ms Truss and 32 other Tory MPs, including former party chairman Sir Jake Berry, have reportedly vowed not to vote for the Chancellor’s autumn statement if it contains tax rises.With a general election expected next year, the Chancellor could use his spring Budget to unveil tax cuts ahead of the next Tory manifesto being published.

“But we need to find a formula that doesn’t mean that we’re on a vicious circle of ever-rising taxes.” He told the newspaper the welfare system had to be a “mix of carrot and stick”, with more assistance required to help people find work given there is “no shortage of jobs”.

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