UK faces £35bn shortfall as it delays tax and spending plans

Jeremy Hunt is seeking to fill a fiscal shortfall of £35bn (€40.4bn) when he sets out the government’s tax and spending plans next month.

UK chancellor of the exchequer Jeremy Hunt is seeking to fill a fiscal shortfall of £35bn (€40.4bn) when he sets out the government’s tax and spending plans next month, officials familiar with the matter said.

The British government has drawn up a menu of 104 options to cut spending to get public finances back onto a sustainable track, according to the officials, who cited UK Treasury and Office for Budget Responsibility data from this week.