Jeremy Hunt warns of 'difficult decisions' as British finances worsen

Higher borrowing in response to the pandemic has pushed the British national debt above £2tn

Jeremy Hunt said he was not prepared to borrow more to finance the tax cuts being demanded by some Conservative MPs.

Britain's chancellor of the exchequer, Jeremy Hunt, has warned that the British government will need to take “difficult decisions” in next month’s autumn statement after a sharp worsening of the public finances over the past six months.

Mr Hunt said state borrowing was on course to be between £20bn to £30bn (€34.7bn) higher than predicted at the time of the budget in March — wiping out what little room he had to cut taxes.