Just a year ago, Jeremy Hunt played Scrooge at the despatch box. In an attempt to regain market credibility following Liz Truss’s mini-Budget, Rishi Sunak’s new government announced £30 billion of spending cuts (largely pencilled in for after the election) and £25 billion of tax rises. It was a far cry from the summer leadership contest, when Truss and Sunak promised to lower the tax burden.
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